NEWS WIRE: UNEQUAL WAGES Most Lucrative College Degrees College graduation does improve a person's income prospects. But all graduates aren't. treated equally: What you majored in counts for a lot. Annual salary surveys by PayScale Incorporated confirm that a student majoring in engineering can expect to earn nearly twice the salary of a philosophy major. What Does Your Major Pay? Major Electrical Engineering. Petroleum Engineering Chemical Engineering Computer Science Median Starting. Salary $ 101,200 Nursing Math Economics Astronomy Finance Political Science Philosophy Nutrition English Education Theatre Social Work 92,300 74,500 70,700 61,700 59,600 58,200 54,800 53,400 52,200 48,700 45,000 43,600 41,800 39,700 36,600 Source: "College Salary Report. PayScale, 2020, www.payscale.com. Assuming that a college graduate on average earns her MRP, what is the MRP for a newly hired Economics major in 2020?

NEWS WIRE: UNEQUAL WAGES Most Lucrative College Degrees College graduation does improve a person's income prospects. But all graduates aren't. treated equally: What you majored in counts for a lot. Annual salary surveys by PayScale Incorporated confirm that a student majoring in engineering can expect to earn nearly twice the salary of a philosophy major. What Does Your Major Pay? Major Electrical Engineering. Petroleum Engineering Chemical Engineering Computer Science Median Starting. Salary $ 101,200 Nursing Math Economics Astronomy Finance Political Science Philosophy Nutrition English Education Theatre Social Work 92,300 74,500 70,700 61,700 59,600 58,200 54,800 53,400 52,200 48,700 45,000 43,600 41,800 39,700 36,600 Source: "College Salary Report. PayScale, 2020, www.payscale.com. Assuming that a college graduate on average earns her MRP, what is the MRP for a newly hired Economics major in 2020?

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter1: The Art And Science Of Economic Analysis

Section: Chapter Questions

Problem 15PAE

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