Annual Annual 10th Annual 25th Annual Annual 75th Annual 90th Occupation Mean wage percentile percentile Median percentile percentile wage wage wage wage 98650 wage Civil 107470 61770 129220 161830 Engineers Cooks Fast 19590 25100 21650 24470 28290 31270 Food Rest. From the economics model of pay point of view, explain why you would examine the pay difference between the two occupations within this area. Since l'm asking you from the economics model of pay point of view, you MUST use the phrase(s) 'demand of labor' and/or 'supply of labor' in writing your answer for this question. Occupation- Civil Engineers Annual Annual 10th Annual 25th Annual Annual 75th Annual 90th Area Mean wage percentile percentile Median percentile percentile wage 75360 wage wage wage wage 107470 61770 98650 129220 161830 82910 50470 65930 82630 129220 114840 In which of the above two areas, the occupation of 'Civil Engineers' being paid more? From the economics model of pay point of view, explain why you would examine the pay difference within the same job between these two areas. Since l'm asking you from the economics model of pay point of view, you MUST use the phrase(s) 'demand of labor' and/or 'supply of labor' in writing your answer for this question.

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