Q1. Adam partners run a law industry member earn maximum income. The industry's profits equally shared members industry. The industry fixed current expense diminishing average product. Elucidate how industries adjust numbers members; (1) lawyers fee increase; (2) current expense increase?
Q2. Assume you deposit Php 400 every six months for three years that pays 8% nominal interest compounded monthly. Illustrate what would the accumulated amount be?
Q3. Illustrate what does the term "intellectual Property" encompass also why are companies so concerned about protecting it?