A market research survey has 15 questions and will be sent to 500 people. What is the total cost to conduct survey if it has a $1,000 base fee plus $5 per question and $2 per person survey

$39,500

Explanation:

In order to find the total cost, we proceed as follows:

1)

First, the base fee is:

2)

Then we calculate the total number of questions: we have 15 questions per survey, and a total of 500 surveys (for 500 people), therefore the total number of questions is

Since the cost is $5 per question, the total cost of the questions is

3)

Finally, we have 500 persons, and there is a cost of $2 per each person, so the cost due to this is

Therefore, the total cost is: