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Answer 1

The relatively high wages earned by certain medical professionals, like nurse practitioners and physicians, are due to C. training and certification required for these professions lead to a relatively low quantity of labor supplied at any given wage.

• It should be noted that some of the things that influence the amount of wages or salaries that are paid to a person include their education, certifications, and the skills that they possess.

• Medical practitioners are usually paid higher wages due to the fact that they spend more years before they get their certifications and degrees. Also, their job is a delicate one and requires a lot of experience.

• Therefore, due to this reason, there is usually a fewer number of people who do such courses which then leads to a relatively low quantity of labor supplied.

In conclusion, the low level of labor supplied leads to a higher wage offered.

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