Question

What is the total cost to conduct a market research survey with a $500 base fee plus $3 per question and $1.25 per person surveyed? the survey has 12 questions and will be sent to 300 people?

Answer 1

The answer would be $911

Answer 2

Given- 12 questions per person, 300 people There two thing given in question fixed and variables cost- Fixed cost is= $ 500 Variable cost is- $3 per question= $ 3 *12 *300=$10800, $1.25 per person surveyed= $1.25 * 300=$375, Total cost will be= $500+$10800+$375=$11675.