Both Claudia and Javier Are Certified Educators

Both Claudia and Javier are certified educators. Claudia makes $55,000 a year working as a teacher in a public high school in Chicago. Javier makes $40,000 working as a grade school teacher in a private school in Chicago. Which of the following is true?

A) Javier is clearly worse off than Claudia, because he earns $15,000 a year less.
B) Javier must be better off than Claudia if he is willing to take a job at $15,000 a year less than Claudia.
C) From this information it cannot be determined who is better off because income is an imperfect measure of well-being.
D) Even though income is an imperfect measure of well-being, Claudia and Javier must be equally well off because either is free to switch jobs.

Correct Answer:

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