A lawyer has two clients. She charges a yearly retainer plus a separate fee for each consultation. The retainer is a fee each client pays just to secure the services of the lawyer for the following year, and the consultation fee is the price the lawyer charges to do one legal job for the client. The clients' annual demand curves for legal jobs are Client 1: Q₁ = 21 - P Client 2: Q₂ = 17-2P where P is the consultation fee in thousands of dollars for one legal job and Q; is the number of legal jobs done for client i. The lawyer's marginal cost for completing one legal job is 3.4 (also in thousands of dollars). The lawyer wants to determine the fee schedule (retainer and consultation fee) that will maximize her profit. She feels she cannot use a different fee schedule for each client, so she must set one retainer and one consultation fee that apply to both clients. She should charge a consultation fee of $ decimal places.) thousand per legal job. (Enter your response rounded to two

In a(n). as either a fixed dollar or a percentage-of-earnings amount linked to years of seniority in the company. plan, an employer agrees to provide a specific level of retirement income to qualified retirees. It is often expresses defined contribution defined benefit O IRA D 401(k)

You are in the market to buy a used car. Your monthly budget allows for a $300 per month car payment and you want to finance for 4 years. The current APR for a used car is 3%. a) Calculate the amount of loan you can afford. b) Complete the table below. Year 0 After 1 month After 2 months After 6 months After 1 year Loan Balance Interest Paid

Distinguish between Loan and Project Cash Flows?