When you arrange to pay a retainer for a lawyer, you are actually C. PAYING THE LAWYER IN ADVANCE FOR WORK.
To have a lawyer in retainer means that you, the client, are paying the lawyer a small amount in a regular basis whether, you need his legal services at that time or not. The lawyer, in exchange, will lend his legal services whenever you need them.
Putting a lawyer in retainer is the usual practice of small businesses which needs constant legal work but is not financially capable of hiring a full time lawyer.
Answer:
Reduce employment because the wage paid is more than the marginal revenue product.
Explanation:
If the wage rate is $30, then the marginal cost for the eight worker is $30.
The marginal revenue product of the eight worker is given by the marginal product multiplied by the price per bushel:
Since the marginal revenue product of the eight worker is less than the marginal cost (MR < MC), the farmer should reduce employment.
The document that describes why the project is needed, and may include estimated costs and benefits, is called a business case.
A business case explains why starting a project, program, or portfolio is justified. It assesses the advantages, disadvantages, and risks of competing options and justifies the chosen course of action.
A business case explains why a project or task was started. It's frequently delivered in the form of a well-organized written contract, but it can also take the shape of a quick oral agreement or presentation.
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Answer:
22,361,183.
Explanation:
Given that,
Active duty personnel in all armed services = 1,361,183
Veteran population at the end of 2014 = 21,000,000
Average cost of life insurance = $750 per year
No. of buyers in the market:
= Total Active duty personnel in all armed services + Total Veteran population at the end of 2014
= 1,361,183 + 21,000,000
= 22,361,183
Therefore, the number of buyers in the market can be estimated as 22,361,183.
Answer:
only systematic variability in cash flows is relevant.
Explanation:
A capital asset pricing model is a model that is used for determining the theoretically appropriate required rate of return for an asset, and to make the decisions about the adding assets to a well-diversified portfolio. It is the relationship between the systematic risk and the expected return for the assets. It is based on the premises that the only systematic variability in the cash flows is very relevant.