Please help Go to http://www.cityrating.com/costoflivimg.asp, scroll down to \"C
ID: 1188653 • Letter: P
Question
Please helpGo to http://www.cityrating.com/costoflivimg.asp, scroll down to "Cost of Living Comparison and Salary Calculator". Suppose upon graduation you are offered a job in Fayetteville. AR or $45,000 annually Suppose the next day you are offered the same job in San Francisco. CA for $55,000 annually Enter $45,000 and then the state you are moving from (AR) and the state you are moving to (CA), then click "Submit", scroll down to "Cost of Living Comparison and Salary Calculator" and enter the appropriate cities Click "Submit" and in the light blue box scroll down to the line that begins with "If you make $45,000 00 " a) Assuming your decision to take a job is based solely on available salaried income, which job would you prefer? b) Explain, using economic concepts, your answer to part a Note, these comparisons can vary widely depending on the particular source Do not take this one too seriously
Explanation / Answer
Fayetteville in Arkansas scores lower in the Standard of Living Index as compared to San Fransisco in California.
Fayetteville although as a city has more of labour oriented and manual jobs as compared to San Fransisco.
Taking into consideration the future growth prospects in the economy and the industry a stay in California could be more rewarding as compared to that in Fayetteville, Arkansas.