If it's for the creation of a new favicon, so that's actually low. Let say, 3 designer hold a discussion together to exchange ideas and mock-ups. They'll need to know what the website is about, what is its' logo, what should the favicon include... If it takes 3 hours, that's 3 x 3 = 9.<p>Then a designer will need to draw the real favicon from that mock-up, don't forget that he'll need to make many resolutions and then tests them. Let say that take 2 hours, including a final discussion with the other members of the team.<p>So in total we have 11 hours, if you consider $150/hour a good rate for a professional, then you'll have $1,650.