Question

In 2010, Raj was a law professor and eamed $80,000 per year. But he got tired of teaching law students and decided to start his own law firm He started his firm at the beginning of 2011. Rai's revenue from his law business in 2011 was $240,000. He cashed in a $70,000 savings bond that was paying him 6% interest per year in order to start his business. He used the entire $70,000 to buy machines, paper, etc. to start up his law business. Raj also hired Diya to work for him part time and paid her a total of $30,000 during 2011. Rais other business expenses for 2011 were equal to $22,000. Raj also had to give up renting out a building he started using for his business He eamed $13,800 per year renting out his building before he started his business At the end of 2011 Raj was trying to decide if he should stay in business or go back to teaching law. His only concem at this point is money and he is only considering this one year (he is not forecasting future eamings, etc.). Find out the following Total Revenue for his Law Business (5) 2 Explicit costs ($) 33 Accounting Profit or Loss ($) 4 Implicit costs ($) 5. Economic profit or loss ($) Would you recommend Raj continue in his business or go back to teaching?​

Answer 1

Answer:

In an internal announcement sent to students and faculty, founding JGU vice-chancellor (VC) Prof Raj Kumar announced the 64 hires in addition to 48 other faculty members hired for its non-law schools: “With the addition of new faculty members, JGU has 832 faculty members including 131 Academic Tutors and TRIP Fellows across ten schools.”

Answer 2

EAnswer:

Explanation:

On these particular patterns of the equation are equivalent to the actual form of paid of the revenue.