Manicurists and pedicurists are required to be licensed in both California and Florida. In California, people practicing
Question:
Manicurists and pedicurists are required to be licensed in both California and Florida. In California, people practicing these occupations must take 600 hours of classroom training; in Florida, they must take only 240 hours of classroom training. Ceteris paribus (that is, holding other factors constant), in which state would you expect pedicures and manicures to be more expensive? Explain. How could you use per capita consumption of pedicures and manicures in the two states to help you decide whether the classroom training requirement was chiefly designed to improve the quality of pedicures and manicures or to keep the competition out?
Step by Step Answer:
The Economics of Public Issues
ISBN: 978-0134018973
19th edition
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North