« previous next »

Author Question: In the legal sector, some practice areas have declined in recent years. For example, ... (Read 41 times)

mydiamond

  • Hero Member
  • *****
  • Posts: 804
on: Jun 29, 2018
In the legal sector, some practice areas have declined in recent years.
 
  For example, personal-injury and medical-malpractice cases have been undercut by state laws limiting class-action suits, out-of-state plaintiffs, and payouts on damages, and securities class-action litigation has declined in part because of a buoyant stock market. How does this affect the market for lawyers?
  A) The quantity of lawyers demanded decreases and this is represented by a movement along the demand curve.
  B) The supply of lawyers shifts to the left.
  C) The demand for lawyers shifts to the left.
  D) Both the demand and supply curves decrease.

Question 2

If total variable cost exceeds total revenue at all output levels, a perfectly competitive firm
 
  A) has covered its fixed cost. B) should produce in the short run.
  C) should shut down in the short run. D) is making short-run profits.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


momo1250

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Distribution of glaciers in North America (a) in the late twentieth century, and (b) 18,000 years ag Distribution of glaciers in North America (a) in the late twentieth century, and (b) 18,000 years ag
Areas of Referred Pain, Posterior View Areas of Referred Pain, Posterior View
Spinal cord—levels of injury; A, areas of sensory function (dermatomes); B, areas of motor function. Spinal cord—levels of injury; A, areas of sensory function (dermatomes); B, areas of motor function.
Review of Health and Illness over the Adult Years Review of Health and Illness over the Adult Years
Checklist of Developmental Skills: Birth to 5 years Checklist of Developmental Skills: Birth to 5 years
The anterior arm (shoulder, axilla, anticubital, and inner wrist areas). Approach deep pressure in ... The anterior arm (shoulder, axilla, anticubital, and inner wrist areas). Approach deep pressure in ...
Video: Deglutition

For a complete list of videos, visit our video library