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pychu [463]
2 years ago
14

Three years ago, law school admits deciding whether or not to attend the schools they were admitted to typically underestimated

the future demand for lawyers. This forecasted demand corresponded with salaries that many admits were unwilling to accept, and fewer students than usual ended up attending law school. Now that these students have completed law school, the small graduating classes have led to a more limited supply of lawyers than is generally available. What will be the result of this mismatch?
Business
1 answer:
V125BC [204]2 years ago
4 0

Answer:

Limited Supply of lawyers will lead to increase in Lawyer Wages / Salaries

Explanation:

Labour Markets are at equilibrium where : Labour Demand (by firms) = Labour Supply (by employees).

Analysing the labour market for Lawyers : Previous anticipations finally leading to small graduating classes & limited supply of lawyers. This limited supply creates excess demand of lawyers. The mismatched excess demand (by firms) creates competition among buyer firms, which leads to increase in price (wages or salaries) of lawyers.

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Chip’s Woodworking manufactures and sells specialty wood plaques. The production manager reported that the company needs to prod
zheka24 [161]

Answer:

UNIT COST $32

Explanation:

the absorption costing system is the sum of expenses applicable to purchases and charges directly or indirectly incurred to produce a good or service.

This model considers both fixed and variable costs. Which translates into a higher unit cost.

in these case unit cost = 6+10+6+6+2+2 = 32

+Direct materials $6

+Direct labor $10

+Fixed manufacturing overhead $6,000  / 1000 units= $6

+Variable manufacturing overhead $6

+Fixed operating expenses (selling, general, and administrative) $2,000 / 1000 units=$2

Variable operating expenses (selling, general, and administrative $2

8 0
2 years ago
Why is it important for Holmes not to be the only person interviewing job candidates?
Viefleur [7K]

Answer:

Sherlok asked him wasssupppp and got job.

Explanation:

3 0
1 year ago
Read 2 more answers
Suppose that in Year 1 daily sales at Dave's Deli daily totaled $1,000, and daily sales at Bertha's Burgers totaled $1,500. In Y
kolezko [41]

Answer:

30%

Explanation:

Given that,

In year 1:

Dave's Deli sales = $1,000

Bertha's Burgers sales = $1,500

In year 2:

Dave's Deli sales = $1,300

Bertha's Burgers sales = $1,800

Therefore,

percentage change in sales for Dave:

= [(Change in sales) ÷ sales in year 1] × 100

= [($1,300 - $1,000) ÷ $1,000] × 100

= ($300  ÷ $1,000) × 100

= 0.3 × 100

= 30%

Therefore, the Dave's sales increases by 30%.

4 0
2 years ago
Fid the higest common factor of <br>21a²b and 49ab² ​
spayn [35]

Answer:

7ab

Explanation:

21a²b = 7ab * 3b

49ab² = 7ab * 7b

6 0
2 years ago
Krisp Bite, a breakfast cereal manufacturer, has a storage facility to store sugar, corn, wheat, oats, rice, and barley before t
sattari [20]

Answer:

D) inventory

Explanation:

Inventory: Inventory is the stock of the company. It passed through various cycles i.e. raw material, work in progress, finished goods. When the cycle is finished then the product is ready to sell in the market.  

Moreover, the recording of the stock is done based on the cost or market value whichever is lower.  

In the given question, operation management uses the storage facility. So, the storage facility is used to store the inventory. Here, the storage facility means the warehouse in which the company products are kept for safety measurement.

Thus, all other options are incorrect except D option

7 0
2 years ago
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