Estimating precise tradeoffs


Problem: In a tradeoff between two decision criteria such as ease of commuting and attractiveness of job, can you use money as a common denominator to estimate precise tradeoffs? State your reasons. Illustrate using the following tradeoff matrix. What sort of salary differences would it take for commute time to trump job attractiveness?

Decision Criteria    Monetary Issues    Other Issues
Commute Time            _____                ____
Job Attractiveness        _____                ____

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Finance Basics: Estimating precise tradeoffs
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