Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

The Wall Street Journal reported that recent law school graduates were having a very difficult time getting jobs in the legal profession. Many law schools said that ten to 20% of their graduates still had not found jobs. The historical average had been 6 to 8 percent. Many recent graduates were taking jobs outside law at much lower wages than were typically paid to beginning lawyers. Based on this data, what would be your prediction about lawyers' salaries for the future? Describe your answers in terms of the market for lawyers fully explaining what changes will occur to demand, supply, quantity demanded, quantity supplied, and equilibrium price for lawyers (starting wages for lawyers).

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9309692

Have any Question?


Related Questions in Microeconomics

Question please use the american psychological association

Question: Please use the American Psychological Association style writing format for referencing your sources. Reference Librarians at each campus of the college can also help you with this. Recommended website: Purdue U ...

Question what is the equivalent amount in year ten of an

Question: What is the equivalent amount in year ten of an expenditure of $5,000 in year one, $6,000 in year two, and amounts increasing by $1,000 per year through year ten? The response must be typed, single spaced, must ...

Question mr asimov must replace the 15 robots on his

Question: Mr. Asimov must replace the 15 robots on his assembly line. The Robo100 model costs $49379 per robot and they will last for three years. The EconoRobo model costs $11101 per robot and will last for two years. T ...

Question suppose that no amount of other goods can

Question: Suppose that no amount of other goods can compensate for a loss in health. How would the individual's indifference curves look? Is this a reasonable assumption in terms of what we actually see taking place? The ...

Question what is a trade war what are the consequences of a

Question: What is a trade war? What are the consequences of a trade war? What is the validity of the most frequently presented arguments for protectionism? What are the economic effects of tariffs and quotas? The respons ...

Question for linear demand and constant marginal cost

Question: For linear demand and constant marginal cost, explain in commonsense terms why the deadweight loss of monopoly is greater the flatter (more elastic) the demand curve. The response must be typed, single spaced, ...

Question costs associated with the manufacture of miniature

Question: Costs associated with the manufacture of miniature high-sensitivity piezoresistive pressure transducers .-is, exist73, 000 per year. A clever industrial engineer found that by spending exist 16, 000 now to reco ...

Question explain why government budget deficits crowd out

Question: Explain why government budget deficits crowd out private investment spending in a closed economy, but crowd out net exports in a small open economy. Assume prices are flexible and that factors of production are ...

Quesiton how can a company use licensing agreements to

Quesiton: How can a company use licensing agreements to enter world markets? What two fundamental product strategies do companies choose between when selling their products in the global marketplace? How can a company us ...

Question - what is the role of timing in deciding to enter

Question - What is the role of timing in deciding to enter or exit a market? Firms decide to enter a market based on current and historical information, but time lags can change the economic environment. What are the ris ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved