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In which occupation will the annual wage be highest

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Consider two occupations (A and B) that employ people with the same skills and abilities. When employed, workers in the two occupations work the same number of hours per day. In occupation A, employment is stable throughout the year, while employment in B is characterized by seasonal layoffs. In which occupation will the hourly wage rate be highest? Why? In which occupation will the annual wage be highest? Why?

Reference no: EM13316436

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