Your sister complains that you get paid considerably more as a caterer than she is paid as a chef, even though the careers are similar. What might explain this situation?
A) People rarely hire caterers for their events and so are willing to pay a premium for the service.
B) There are many chefs in town but few caterers.
C) The training required to be a chef is so advanced that people cannot afford her services.
D) There are many substitutes for a chef.
E) Your catering business can go to a person's residence, and your sister's position does not allow such mobility.
Correct Answer:
Verified
Q65: Use the following table,which shows the supply
Q66: Use the following table,which shows the supply
Q81: The labor supply curve is given by
Q85: Which of the following situations describes a
Q87: Economic rent is
A) what a landlord earns
Q87: As iPads become more popular, we can
Q89: Which company has the ability to outsource
Q93: What is the best economic explanation for
Q94: Mary decides that worker turnover is too
Q99: Companies outsource their operations because
A) the weather
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents