subject
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

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 09:40
Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo suppose that $10,000 invested in microsoft at its ipo price had been worth $600,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)
Answers: 1
question
Business, 22.06.2019 10:10
At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was:
Answers: 1
question
Business, 22.06.2019 13:10
Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock
Answers: 1
question
Business, 22.06.2019 20:40
Review the wbs and gantt chart you created previously. propose three to five additional activities that would you estimate resources and durations. now, identify at least eight milestones for the recreation and wellness intranet project. remember that milestones normally have no duration, so you must have tasks that will lead to completing the milestone. add your activities and milestones to your gantt chart, creating a new gantt chart. estimate the task durations and enter dependencies as appropriate. remember that your schedule goal for the project is six months. copy the gantt chart and network diagram to a word document.
Answers: 2
You know the right answer?
Suppose the local market for legal services has an upward sloping supply curve, PL = 150 +0.0001QL w...
Questions
question
English, 25.06.2019 13:30
question
Mathematics, 25.06.2019 13:30
question
Social Studies, 25.06.2019 13:30
question
English, 25.06.2019 13:30
Questions on the website: 13722359