The vertical distance between the supply curves for neurosurgeons and the supply curve for fast-food servers

Question

Quizplus · Accepted Answer

The vertical distance between the supply curve for neurosurgeons and the supply curve for fast-food servers represents the difference in the cost of acquiring the skills necessary for each profession. Neurosurgeons require extensive and expensive education and training, which increases the opportunity cost of becoming a neurosurgeon and shifts the supply curve upwards, while fast-food servers require less education and training, making it easier and cheaper to enter the industry, and hence the supply curve shifts downwards. Therefore, the compensation that neurosurgeons require for the cost of acquiring this skill is the best choice.

The Vertical Distance Between the Supply Curves for Neurosurgeons and the Supply