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Assignment 3: Job
Offer
Complete the following assignment:
A graduate student has four job offers, and needs to accept one.
The following table lists the four jobs:

 

 

These are on a scale of 0 – 10, larger number being better

Job

Salary

Attractiveness of Job

Ease of Commuting

Quality of Life

Children’s School

1

$48,000

8

4

7

6

2

$52,000

7

2

7

6

3

$50,000

8

6

4

4

4

$51,000

6

2

5

5

1.    Are there dominated alternatives? If so,
which ones?
2.    The student faces the following
tradeoffs:

If the attractiveness of job goes down from 8 to 7, the salary
should increase by $5000 for indifference.
If the ease of commuting goes down from 6 to 4, the salary
should increase by $1000 for indifference.
If the quality of life goes down from 7 to 4, the salary should
increase by $5000 for indifference.
If the children’s school goes down from 6 to 4, the salary
should increase by $3000 for indifference.

Review all of the job offers that the graduate student
has received, considering all of the trade offs listed above. Which
choice is best choice in terms of salary for this student? Which
choice is the worst choice in terms of salary? Please provide
rationale and reasoning for your answers. 

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