Question

Ok guys I need a lot of help!! Get Brainliest for most accurate answer! :)

Answer 1

Answer:

Supply, demand and labor substitutes are three variables that will determine the wage.

For the medical field, the demand for doctors tends to be higher than the supply of doctors, because becoming a doctor is costly both in time and money. This means that doctors will be well-paid, according to this model.

Besides, there are not so many labor substitutes for a doctor, increasing the probability of a high pay for them.

The opposite occurs for barbers. Barbers are easier to supply, and demand is not as high for them. This means that a barber salary will be much lower than a doctor's salary. Finally, barbers do have more labor substitutes as well.

Explanation:

Answer 2

Answer:

There both very different!!

Explanation:

Since both jobs require different diplomas, they will have different pays and likeliness to get there jobs. With a barber, as long as your trained and have some sort of experience, you should be cutting in no time! With working at a hospital, you need to have a diploma, a masters etc, you need to know what your doing in a hospital, so therefore, it might be a tad bit harder