Calculate total fixed costs with given information

Find Total Fixed Cost of 3,000,000 pairs of shoes Is my answer $12,000,000 correct? If not can you so your work so that I can understand the problem? I got the answer by multiplying ATC ($20.00) by fixed costs (plant and equiptment) which is 20% $4.00 * 3,000,000 = $12,000,000 Athletic Shoe Production Normal Profit $6.00 Leather costs $2.00 Rubber costs $3.50 Metal costs $ .50 Cotton costs $3.00 Assembly $5.00 Total: $20.00 This is the lowest possible cost for the production of a single pair of shoes. It is also the Average total cost (ATC) of the profit maximizing or loss minimizing quantity of shoes: 3,000,000 ... click for more

Many economists believe that an increase in the minimum wage leads to unemployment

Many economists believe that an increase in the minimum wage leads to unemployment. Critics point out that the last time the minimum wage went up the same dire predictions from economists were made, the fact is that there are more people employed today than before the minimum wage increase. Using isoquant-isocost analysis, graph this situation and explain how it may be possible for increases in the minimum wage to have little impact on employment levels.

Monopolist selling a non-durable good

Please see attachment

What is required for the price not to be set by the equilibrium price?

What is required for the price not to be set by the equilibrium price?

Equilibrium price

If the demand curve shifts out what happens to the equilibrium price and quantity? If the supply curve shifts to the left, what happens to the equilibrium price and quantity? What is required for price to not be set by the equilibrium price?