The Law Firm of Dewey, Cheatham, and Howe Specializes in Accident

question 5

Multiple Choice

The law firm of Dewey, Cheatham, and Howe specializes in accident injury claims.The firm charges its clients 25% of any damage award given.The only cost to the firm of producing an accident injury claim is the time spent by a junior partner working on the case.Junior partners are paid $100 per hour for this drudgery.If the firm is suing for damages of $250,000 and if its chances of winning a case are 1/25h, where h is the number of hours spent working on the case, then to maximize its profits, how many hours should it have the junior partner spend working on the case?

• A)7.50
• B)5
• C)25
• D)15
• E)None of the above.