The table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities. 
The total value of donations raised by three employees is:
Definitions:
Business Firms
Business firms are commercial organizations engaged in the production, distribution, or sale of goods and services for profit.
Differentiated Product
A product that differs from its competitors based on features, quality, branding, or some other characteristics.
Perfectly Competitive
A market structure where many firms offer identical products, entry and exit are easy, and no individual buyer or seller has any influence over prices.
Monopoly
A market structure characterized by a single seller or company dominating the entire market, leading to limited competition.
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