Montgomery & co., a well-established law firm, provided 500 hours of its time to fink corporation in exchange for 1,000 shares of fink's $5 par common stock. montgomery's usual billing rate is $700 per hour, and fink's stock has a book value of $250 per share. by what amount will fink's paid-in capital—excess of par increase for this transaction?

a) $345,000

b) $295,000

c) $350,000

d) $300,000

Afirm’s production function is represented by q(m,r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false

In macroeconomics, to study the aggregate means to study blank

Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost.refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account