Answer:
C) $50,000,000
Explanation:
The aggregate rent is the surplus earned by the lawyers for operating over their cost at this market equilibrium.
In the picture attached, the rent is showed graphically.
At PL=$250 per hour, the amount of demanded hours is QL=1,000,000.
The oportunity cost at a zero hours level is PL(0)=$150.
The rent can be calculated as:
The aggregate rent is $50,000,000.
<span>The most likely effect of a write-down of inventory to net realizable on a firm's total asset turnover is an increase.
</span>A write-down of inventory to net realizable value is typically recognized as an increase in cost of goods sold in the period of the write-down, according the <span>inventory equation:
</span><span>ending inv</span>entory = beginning inventory + purchases - cost of goods sold
The condition will be excused because of ESTOPPEL. Estoppel is an obstruction which prevents a person from asserting a right or denying a fact. The obstruction is normally due to the person action, conduct or failure to act. The principal aim of estoppel is to prevent injustice due to inconsistency or fraud. Estoppel is of two types: equitable and legal estoppel.
Answer:
C is the correct option
Explanation:
Opportunity cost is a concept of Macroeconomic theory. It is also known as an alternative cost. It is the value of what one gives up to choose something else. In simple terms, we can say that it is the value of the road not taken. In the above question, the value of the activities one had to leave to attend the economics class woul be known as the Opprtunity cost.
