According to salary, the average salary for a software engineer level iii (a higher-level position in software design and implementation) in the silicon valley area of california is $108,244. however, google pays its level iii software engineers an average salary of $124,258. why does google pay a salary higher than the equilibrium salary for equivalent positions in the same area?

Ronald sees that his employer's stock has grown from $20 a share to $60 a share this year, while most stocks have seen only 5% growth. his employer offers to let him convert a large portion of his salary into stock options. what is not a valid reason to turn down the stock offer? a)stocks with high returns have high volatility, and ronald's company may not grow further. b)ronald may be taxed more for capital gains than he would be for employment income. c)stock options are illiquid, and ronald may not be able to use them to pay for unexpected bills. d)ronald would be committing stock fraud if he exercises the options.