Suppose that you are trying to decide between two job offers. One consulting firm offers you $150,000
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Question:
Suppose that you are trying to decide between two job offers. One consulting firm offers you $150,000 per year to work out of its New York office. A second consulting firm wants you to work out of its London office and offers you 100,000 per year. The current exchange rate is $1.65/. Which offer should you take, and why? Assume that the PPP exchange rate is $1.40/ and that you are indifferent between working in the two cities if the purchasing power of your salary is the same.
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