In general, the pay level of medical doctors is higher than that of janitors. How can the difference in the pay level be explained from the economics model of pay per O Due to the required skills and certifications to be a doctor being much more difficult to obtain, there is more demand of labor for doctors than janitors. O Due to the required skills and certifications to be a doctor being much more difficult to obtain, there is less supply of labor for doctors than janitors. O Due to the required skills and certifications to be a doctor being much more difficult to obtain, there is less demand of labor for doctors than janitors. O Due to the required skills and certifications to be a doctor being much more difficult to obtain, there is more supply of labor for doctors than janitors.

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter11: Labor Markets
Section: Chapter Questions
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In general, the pay level of medical doctors is higher than that of janitors. How can the difference in the pay level be explained from the economics model of pay perspective?
O Due to the required skills and certifications to be a doctor being much more difficult to obtain, there is more demand of labor for doctors than janitors.
O Due to the required skills and certifications to be a doctor being much more difficult to obtain, there is less supply of labor for doctors than janitors.
O Due to the required skills and certifications to be a doctor being much more difficult to obtain, there is less demand of labor for doctors than janitors.
O Due to the required skills and certifications to be a doctor being much more difficult to obtain, there is more supply of labor for doctors than janitors.
Transcribed Image Text:In general, the pay level of medical doctors is higher than that of janitors. How can the difference in the pay level be explained from the economics model of pay perspective? O Due to the required skills and certifications to be a doctor being much more difficult to obtain, there is more demand of labor for doctors than janitors. O Due to the required skills and certifications to be a doctor being much more difficult to obtain, there is less supply of labor for doctors than janitors. O Due to the required skills and certifications to be a doctor being much more difficult to obtain, there is less demand of labor for doctors than janitors. O Due to the required skills and certifications to be a doctor being much more difficult to obtain, there is more supply of labor for doctors than janitors.
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