Assume that an engineer is deciding current job

Reference no: EM1326730

Minimum earnings

Suppose that an engineer is deciding whether or not to move to northern Virginia or remain at his current job in Milwaukee. It costs $10,000 for this person to move from Milwaukee, which includes both actual and "psychic" costs. If she plans on working 2 more periods and will make $110,000 in each in Milwaukee, what is the minimum earnings necessary to induce her to move to northern Virginia? Assume a .10 discount rate.

Reference no: EM1326730

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