Your boss is impressed with your performance over the past year and has decided to give you a 5% increase in your salary. Are you clearly better off with your increased salary? What factors must be considered?

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter13: Factor Markets: With Emphasis On The Labor Market
Section: Chapter Questions
Problem 15QP
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Your boss is impressed with your performance over the past year and has decided to give you a 5% increase in your salary. Are you clearly better off with your increased salary? What factors must be considered?
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