Part I. Hedonic reasoning 1. Toby is a graphic designer living outside Rustland,

Question

Part I. Hedonic reasoning 1. Toby is a graphic designer living outside Rustland, a city that is heavily polluted. Toby dislikes the pollution, but he is paid well and the housing is cheap in Rustland He is offered an opportunity to move to his company's office in Breathwell, an idyllic seaside community. But, after looking into it, he discovers that housing prices are very high in Breathwell. He decides that the lower pollution is worth the higher cost, but he tells his company that he wants a pay increase to cover the higher cost of living in Breathwel Does it make sense for his company to compensate Toby for a higher cost of living if he wants to move to Breathwell? Explain why or why not. (2 points)

Explanation / Answer

The thought that Toby has on the lowering the pollution caused is very legitimate but the company will not be very sure of paying him a high amount because in this to decide the pay there would be a lot of background on it I can be a client paying budget or an the company budget.If Toby would want to make this happen he can connect with various teams in the company who will be particularly involved in such teams such as the CSR teams which involves in various activities.Though Toby choose to stay back due to higher cost of living at breathwell it was a wise decision but the company wouldn’t make a rise in the pay for such factors.When a company decides the pay of an employee various factors are considered in this.The hedonic characteristic in this would be considered to which way the decision is taken and who would feel the value of doing the right thing in the right way.

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