Explain why, despite the higher weekly wage, more people are employed as managers and professionals than as

Question:

Explain why, despite the higher weekly wage, more people are employed as managers and professionals than as salespeople.

In the United States in 2010, 30 million people had full-time managerial and professional jobs that paid an average of $1,200 a week and 10 million people had full-time sales positions that paid an average of $600 a week.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Foundations Of Microeconomics

ISBN: 9780132830881

6th Edition

Authors: Robin Bade, Michael Parkin

See More Books

Question Posted: Feb 27, 2024 03:07 AM

See More Questions

In the United States in 2010, 30 million people had full-time managerial jobs that paid an average of $1,200 a week and 10 million people had full-time sales jobs that paid an average of $600 a week....
The following figure shows the market for lowskilled labor. The value of marginal product of high-skilled workers is $16 an hour greater than that of lowskilled workers at each quantity of labor. The...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Evaluate each expression if possible. (-3)4
1. Review Table 18.1. Which definitions of organization culture seem to be most applicable to the culture of Camp Bow Wow? Explain your choice(s). 2. In what ways has Ganahl worked to create an...
The polluter-pays principle promises to be an effective tool in the fight against climate change. Do you agree?
The following system of differential equations arises in the modeling of a stirred tank reactor with an autocatalyic reaction: \[\begin{aligned}& \frac{d x}{d t}=x-x y \\& \frac{d y}{d t}=-y+x...
At the companys quarterly strategy meeting, senior management decided to expand into business education materials aimed at corporations that require entry-level and mid-level managers to complete...
Image transcription text Requirements Statement for Meeting Scheduling Software: Many ventures both academic and business require constant collaboration to be successful. The most basic form of...
Calculate the income shares of each quintile after tax and redistribution. Table 1 shows the distribution of market income in an economy and Table 2 shows how the government taxes and redistributes...
Draw a graph to show the Bethel labor market in 2007. Explain how the moratorium will influence the Bethel labor market in 2008. Use the following information to work Problems 8 and 9. Unwinding in...
Explore the websites of a management consulting firm, an online retailer, and an insurance company. Assess them for ease of navigation, content, and visual design. What, if anything, would you change...
Sally and Brian only go shopping on Tuesdays because they can get the senior discount. Which pricing strategy are they taking advantage of? a. Predatory pricing b. Price discrimination c. Target...
How can consumers know if its safe to use their credit cards to make a purchase?
Who is responsible for keeping the credit card numbers of Lowes customers secure?
Draw Maxs demand curve for rented windsurfing equipment. Over the price range $5 to $10 an hour, is Maxs demand elastic or inelastic? Max has $35 a day to spend on windsurfing and snorkeling and he...
Stephanie Ling has been asked to conduct a breakeven analysis. In which category would she put the cost of rent for the manufacturing facility? a. Fixed cost b. Variable costc. Revenue cost d....
Why are some manufacturing costs not directly traceable to products?
The sales department of P. Gillen Manufacturing Company has forecast sales in March to be 20,000 units. Additional information follows: Finished goods inventory, March 1 . . . . . . . . . . . . . . ....
If PREPA is unregulated and maximizes profit, show in your graph the price, quantity, economic profit, consumer surplus, and deadweight loss. The Puerto Rico Electric Power Authority (PREPA) is a...
A single-price monopoly is ______. A. Inefficient because it converts consumer surplus to producer surplus B. Inefficient because it produces too small an output and creates a deadweight loss C....
A monopoly sets its price such that demand for the good produced is ______. A. Unit elastic B. Inelastic C. Elastic D. Either elastic or inelastic, but never unit elastic
How can code of ethics in strategic leadership can be applied to visionary leadership, emotional intelligence, and employee motivation? Explain the relationship between visionary leadership, employee...
You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a common practice with expensive, high-tech equipment). The scanner costs $7,600,000, Because...
Jill purchased her principal residence on January 1, Year 5, for $280,000. On January 1, Year 6, when it was worth $250,000, she turned it into a rental house. On January 1, Year 9, after...

Explain why, despite the higher weekly wage, more people are employed as managers and professionals than as

Question:

Step by Step Answer:

Figure 1 shows that the demand and supply for ea...View the full answer

Foundations Of Microeconomics

Students also viewed these Business questions