=+11. Consider two occupations (A and B) that employ people with the same skills and abilities. When

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=+11. Consider two occupations (A and B) that employ people with the same skills and abilities. When employed, workers in the two occupations work the same number of hours per day. In occupation A, employment is stable throughout the year, while employment in B is characterized by seasonal lay- offs. In which occupation will the hourly wage rate be highest? Why?

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Microeconomics Private And Public Choice

ISBN: 9780324320367

11th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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