Susan O'Rourke hired an attorney to represent her in a court case involving an auto accident. The attorney charged O'Rourke a $2,000 retainer fee for his services. Terry Thomas needed a haircut; the local stylist charged him $12 for her services. Aaron Mathison mowed his neighbor's lawn; in exchange, the neighbor rototilled Mathison's garden. The attorney fees paid by O'Rourke, the $12 charged by the hair stylist, and the exchange of lawn mowing for garden tilling are all examples of
A)premiums.
B)barter.
C)the profit motive.
D)price.
E)outlays.

Question

Quizplus · Accepted Answer

The attorney fees and the $12 charged by the hair stylist are examples of price, which is the amount of money expected or required in payment for something.

Susan O'Rourke Hired an Attorney to Represent Her in a Court