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Andrews and Associates specialize in corporate law. They
Chapter 3, Problem 16E(choose chapter or problem)
Problem 16E
Andrews and Associates specialize in corporate law. They charge $100 an hour for researching a case, $75 an hour for consultations, and $200 an hour for writing a brief. Last week one of the associates spent 10 hours consulting with her client, 10 hours researching the case, and 20 hours writing the brief. What was the weighted mean hourly charge for her legal services?
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QUESTION:
Problem 16E
Andrews and Associates specialize in corporate law. They charge $100 an hour for researching a case, $75 an hour for consultations, and $200 an hour for writing a brief. Last week one of the associates spent 10 hours consulting with her client, 10 hours researching the case, and 20 hours writing the brief. What was the weighted mean hourly charge for her legal services?
ANSWER:
Solution:
Step 1 of 2:
Andrews and Associates charge $100 an hour for researching a case, $75 an hour for consultation, and $200 an hour for writing a brief.
Then one of the associates spent 10 hours per consulting with her client, 10 hours researching the case, and 20 hours writing the brief.
The claim is to find the weighted mean hourly charge her legal services.