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Westerlund Owns a Picture-Framing Shop,The Caplow Co

question 3

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Westerlund owns a picture-framing shop,The Caplow Co.The average price she receives for a picture she frames for a customer is $120.This price must cover her costs for a typical framed picture,which consists of $5 for glass,$2 for matting,$13 for the frame,and $30 for the labor involved.She must also cover monthly expenses of $1,000 for rent and insurance,$200 for heat and electricity,$500 for advertising,and $3,500 for her salary.Assuming there is no change in price or the quantity demanded,if Westerlund wants to increase her advertising expenses to a total of $1,000 (a $500 increase) ,this would cause total costs to __________ and the break-even quantity to __________.


Definitions:

Conflict Theorists

refer to sociologists who emphasize the role of power and coercion in producing social order.

Power

The power to shape or control the conduct of individuals and the flow of occurrences.

Inequality

The uneven distribution of resources, opportunities, and rights among people, leading to social disparities and discrimination.

Durkheim

A pioneering French sociologist, Emile Durkheim, known for his foundational work on social solidarity, religion, and the concept of the social fact.

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