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Suppose you live and work in cleveland earning a salary of $75,000 per year and spending $10,000 for housing. You heard that you are being transferred to California where housing is 50% more expensive. In negotiating a new salary, your objective is to keep your real income constant. Your target salary is $___?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9465472

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