There is substantial variation in wages across occupations. Most professional athletes earn more than medical doctors, who earn more than college professors, who earn more than janitors. We will see that the wage for a particular occupation will be high if the supply of workers in that occupation is small relative to the demand for those workers.
Details
- Publication Date
- Apr 30, 2013
- Language
- English
- Category
- Education & Language
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): Homework Help Classof1
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- Format