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One could argue that substantial travel for work is an undesirable characteristic of any job. What would the theory of compensating differentials predict about the
One could argue that substantial travel for work is an undesirable characteristic of any job. What would the theory of compensating differentials predict about the relative wages of a sales position that requires substantial travel versus a sales position that does not (all else the same)? (10 points) a. Explain in words the expected difference in wages. b. Use a supply and demand graph to show the relative wages of jobs. c. Use a separate graph with isoprofit and indifference curves to show the relative wages of jobs
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