Solved: Why economics professors receive higher salaries than others, Microeconomics

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Why economics professors receive higher salaries than others

Question: At some colleges and universities, economics professors receive higher salaries than professors in some other fields.

a. Why might this be true?

b. Some other colleges and universities have a policy of paying equal salaries to professors in all fields. At some of these schools, economics professors have lighter teaching loads than professors in some other fields. What role do the differences in teaching loads play?

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