Saul Goodman Represents Several Clients and Bills by the Hour

question 17

Multiple Choice

Saul Goodman represents several clients and bills by the hour at a reasonable $500 per hour. He forgot to record the time it took to complete each activity, but he knows his eight-hour day was spent representing 13 clients involved in one high profile case. He also remembers that Walt told him once that his learning curve percentage was 80%. How many hours should Saul bill his first client?

• A)one hour eight minutes and forty five seconds
• B)one hour two minutes and thirty six seconds
• C)fifty six minutes and twenty eight seconds
• D)fifty minutes and five seconds

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Definitions:

Trade

Trade involves the exchange of goods, services, or both, between parties, which can be within an economy (domestic trade) or between economies (international trade).

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than another entity.

Opportunity Cost

The price paid for not selecting the next most favorable alternative when a choice is made.

Mowing A Lawn

The act of cutting the grass in a garden or an area of land to ensure it is maintained at a manageable height and appearance.