Business, 02.04.2020 05:05 Mariela2699
Suppose the local market for legal services has an upward sloping supply curve, PL = 150 +0.0001QL where PL is the price of legal services and QL is the number of hours of legalservices. If the equilibrium price of legal services is $250 per hour, what is the aggregateeconomic rent earned by lawyers in this market?
A) $50,000
B) $1,000,000
C) $50,000,000
D) $100,000,000
Answers: 2
Business, 21.06.2019 19:50, elijahbebeastin
One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card used (visa, mastercard, american express, or discover), and (2) the amount (in dollars) of each purchase. identify the level of each variable measured.
Answers: 1
Business, 22.06.2019 10:20, Sparkledog
Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.
Answers: 1
Business, 22.06.2019 11:00, hadwell34
You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)
Answers: 3
Suppose the local market for legal services has an upward sloping supply curve, PL = 150 +0.0001QL w...
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