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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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A cash budget will not help identify possible problem times.<br><br> True<br> False
Firlakuza [10]

The correct answer is False

Explanation:

A cash budget refers to a tool used to predict and control the amount of money that would be spent, this applies to the money that is expected will be spent in a business during a certain time or the money that is expected to be spent for a project. Due to this, in projects, a cash budget is useful to identify possible problems related to the budget or money including possible problem times. According to this, it is false a cash budget will not help identify possible problem times because is useful to predict problems related to money and time.

6 0
2 years ago
Read 2 more answers
You are buying and reselling items found at your local thrift shop. You found an antique pitcher for sale. If you need a 27% mar
GrogVix [38]

Answer:

The most you can pay for the pitcher is $17.32

Explanation:

A mark up is a percentage that is always applied on the cost to come up at a required gain over cost. The cost is always taken to be 100% when apply a mark up on cost.

If the mark up is of 27% and cost is 100% then a selling price of 22 will be equal to cost + markup.

Let cost be x.

Selling price = Cost + Mark up

22 = 100% * x + 27% * x

22 = 1x + 0.27x

22 = 1.27 x

22/1.27 = x

x = $17.3228 rounded off to $17.32

7 0
2 years ago
A brick mason was hired by a builder under a written one-year contract, at an annual salary of $45,000, with employment to begin
nirvana33 [79]

Because he had a contract with the builder, the mason would be able to get the original contract price of $45,000.

8 0
2 years ago
Read 2 more answers
2. An inadequate seal on a kitchen wall won't protect against which of the following?
Degger [83]
The answer to number one would be a
6 0
2 years ago
What cultural shift lead to the rise in popularity of Whole Foods?​
WITCHER [35]

Answer:

The spike in the number of people who wanted to eat healthier.

Explanation:

Whole Foods is aimed at selling the most high-quality organic products. Organic is allegedly healthier than regular food (since they are required not to use chemicals to treat them), and this helped Whole Foods when the "eat healthier" fad came around in the US and other countries.

8 0
2 years ago
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