. Suppose that all young women were channeled into careers as secretaries, nurses, and teachers; at the same time, young men were encouraged to consider these three careers and many others as well. a. Draw a diagram showing the combined labor market for secretaries, nurses, and teachers. Draw a diagram showing the combined labormarket for all other fields. In which market isthe wage higher? Do men or women receivehigher wages on average?b. Now suppose that society changed andencouraged both young women and youngmen to consider a wide range of careers.Over time, what effect would this changehave on the wages in the two markets youillustrated in part (a)? What effect would thechange have on the average wages of menand women?
Module 3 │ © Prof. Omar Romero‐Hernandez │ Lecture #5 of 8 │ 03/22/2017o Return on assets (ROA): Increase ROA with higher net income and/or fewer total assets Operating a better supply chain means having the right type of supply chain design. ▯ • Two distinct supply chain designs are efficient supply chains and responsive supply chains; the nature of demand for a firm’s services or products is a key factor in selecting a supply chain strategy ▯ • Efficient supply chains work best in environments where demand is highly predictable, such as demand for staple items in grocery stores o New introductions are infrequent, variety is low, and contribution margins are lowo Suppliers should be selected with emphasis on low price