« previous next »

Author Question: In the legal sector, some practice areas have declined in recent years. For example, ... (Read 107 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 over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Ngandong calottes from Java are the youngest H. erectus fossils at perhaps 27,000-50,000 years old. Ngandong calottes from Java are the youngest H. erectus fossils at perhaps 27,000-50,000 years old.
Cranial capacity has increased approximately fourfold over the last 3.5 million years of hominin evo Cranial capacity has increased approximately fourfold over the last 3.5 million years of hominin evo
This portrait of Thomas Jefferson is considered an accurate likeness, painted when he was thirty-sev This portrait of Thomas Jefferson is considered an accurate likeness, painted when he was thirty-sev
Options for Legal Structures Cont. Options for Legal Structures Cont.
A man put aside $5710.00 at the end of every 3 months for seven years. How much will he have ... A man put aside $5710.00 at the end of every 3 months for seven years. How much will he have ...
Earth 600 Million Years Ago Earth 600 Million Years Ago
Video: Heart Chambers

For a complete list of videos, visit our video library