Doctors must complete four years of undergraduate education and four years of medical school,and work three to eight years in a hospital before they can fully practice on their own.In contrast,a worker at a fast-food restaurant need not complete high school.
a.How does the difference in education and training affect the relative labor supply in these professions?
b.Using a supply and demand graph and your answer to part a,show why doctors earn higher wages than fast-food workers do.

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The Answer of Doctors must complete four years of undergraduate education and four years of medical school,and work three to eight years in a hospital before they can fully practice on their own.In contrast,a worker at a fast-food restaurant need not complete high school.
a.How does the difference in education and training affect the relative labor supply in these professions?
b.Using a supply and demand graph and your answer to part a,show why doctors earn higher wages than fast-food workers do.

Doctors Must Complete Four Years of Undergraduate Education and Four