Dan is planning a targeted marketing campaign and needs to divide his audience into segments based on behavior and preferences. He decided to use an AI tool to help with this task. Which tool is most appropriate?  

Short-run costs

Maria, a freelance graphic designer, previously earned $45,000 per year working for a marketing firm. After starting her own design business, she now incurs explicit costs of $120,000 per year for software, rent, and materials. What is Maria’s economic cost of running her own business?

Which statement about the graph above is correct?

Identify the firm’s fixed cost (FC) and variable cost (VC). Explain the reason for your answer. (5 pts)

A firm discovers that when it uses K units of capital and L units of labor it is ableto produce q=K3/4L1/4 units of output. What inputs would the firm use in the long run? What would the cost be? (16 pts)

What is it called if the average cost decreases when output increases?

Kate is managing an influencer campaign for a new product launch. What is one way AI can support her efforts ethically and appropriates? 

What has been a criticism of brand activism?

A firm discovers that when it uses K units of capital and L units of labor it is able to produce q=K3/4L1/4 units of output.   The firm currently operates with KSR=5 units of capital and wants to produce qSR=100 units of output. How much labor does the firm need to hire and what is the total cost of producing the 100 units? (10 pts)