2 ms·
The "as well off" phrase refers to "being equally compensated". So the absolute utility "number" remains the same. In order for that to happen, a decrease in th
by pascal07 13y ago
The "as well off" phrase refers to "being equally compensated". So the absolute utility "number" remains the same. In order for that to happen, a decrease in the contribution that commute has on utility, needs to be compensated for by an increase in the contribution that one of the other factors (salary or rent) has.