Annual Annual 10th Annual 25th Annual Annual 75th Annual 90th Occupation Mean wage percentile percentile Median percentile percentile wage wage wage wage 98650 wage Civil 107470 61770 129220 161830 Engineers Cooks Fast 19590 25100 21650 24470 28290 31270 Food Rest. From the economics model of pay point of view, explain why you would examine the pay difference between the two occupations within this area. Since l'm asking you from the economics model of pay point of view, you MUST use the phrase(s) 'demand of labor' and/or 'supply of labor' in writing your answer for this question. Occupation- Civil Engineers Annual Annual 10th Annual 25th Annual Annual 75th Annual 90th Area Mean wage percentile percentile Median percentile percentile wage 75360 wage wage wage wage 107470 61770 98650 129220 161830 82910 50470 65930 82630 129220 114840 In which of the above two areas, the occupation of 'Civil Engineers' being paid more? From the economics model of pay point of view, explain why you would examine the pay difference within the same job between these two areas. Since l'm asking you from the economics model of pay point of view, you MUST use the phrase(s) 'demand of labor' and/or 'supply of labor' in writing your answer for this question.
Annual Annual 10th Annual 25th Annual Annual 75th Annual 90th Occupation Mean wage percentile percentile Median percentile percentile wage wage wage wage 98650 wage Civil 107470 61770 129220 161830 Engineers Cooks Fast 19590 25100 21650 24470 28290 31270 Food Rest. From the economics model of pay point of view, explain why you would examine the pay difference between the two occupations within this area. Since l'm asking you from the economics model of pay point of view, you MUST use the phrase(s) 'demand of labor' and/or 'supply of labor' in writing your answer for this question. Occupation- Civil Engineers Annual Annual 10th Annual 25th Annual Annual 75th Annual 90th Area Mean wage percentile percentile Median percentile percentile wage 75360 wage wage wage wage 107470 61770 98650 129220 161830 82910 50470 65930 82630 129220 114840 In which of the above two areas, the occupation of 'Civil Engineers' being paid more? From the economics model of pay point of view, explain why you would examine the pay difference within the same job between these two areas. Since l'm asking you from the economics model of pay point of view, you MUST use the phrase(s) 'demand of labor' and/or 'supply of labor' in writing your answer for this question.
Chapter11: Profit Maximization
Section: Chapter Questions
Problem 11.8P
Related questions
Question
Im confused on what is being asked in these two models
Transcribed Image Text:Annual
Annual 10th
Annual 25th
Annual
Annual 75th
Annual 90th
Occupation
Mean wage
percentile
percentile
Median
percentile
percentile
wage
wage
wage
wage
98650
wage
Civil
107470
61770
129220
161830
Engineers
Cooks Fast
19590
25100
21650
24470
28290
31270
Food Rest.
From the economics model of pay point of view, explain why you would examine the pay difference
between the two occupations within this area. Since l'm asking you from the economics model of pay
point of view, you MUST use the phrase(s) 'demand of labor' and/or 'supply of labor' in writing your
answer for this question.
Occupation- Civil Engineers
Annual
Annual 10th
Annual 25th
Annual
Annual 75th
Annual 90th
Area
Mean wage
percentile
percentile
Median
percentile
percentile
wage
75360
wage
wage
wage
wage
107470
61770
98650
129220
161830
82910
50470
65930
82630
129220
114840
In which of the above two areas, the occupation of 'Civil Engineers' being paid more? From the
economics model of pay point of view, explain why you would examine the pay difference within the
same job between these two areas. Since l'm asking you from the economics model of pay point of
view, you MUST use the phrase(s) 'demand of labor' and/or 'supply of labor' in writing your answer for
this question.
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