The average retail price of cookbooks will be 30 and their

Reference no: EM13394268

You are starting your own Internet business. You decide to form a company that will sell cookbooks online. Justcookbooks.com is scheduled to launch 6 months from today. You estimate that the annual cost of this business will be as follows:

Technology (Web design and maintenance) $5,000

Postage and handling $1,000

Miscellaneous $3,000

Inventory of cookbooks $2,000

Equipment $4,000

Overhead $1,000

Part I

You must give up your full-time job, which paid $50,000 per year, and you worked part-time for half of the year.

The average retail price of the cookbooks will be $30, and their average cost will be $20.

Assume that the equation for demand is Q = 10,000 - 90P, where

Q = the number of cookbooks sold per month

P = the retail price of books.

Show what the demand curve would look like if you sold the books between $25 and $35.

Reference no: EM13394268

Questions Cloud

Prepare an amortization schedule that determines interest : on january 1 2014 crystal corporation issued a 100000 10-year bonds at 11. interest is paid annually on december 31.

There are several arguments for and against the alternative : there are several arguments for and against the alternative exchange rate regimes.presenting both sides of the

Why do services pose unique challenges to marketers how : why do services pose unique challenges to marketers? how important are customer expectations in regard to managing and

Discuss the use of adjusting entries in the preparation of : discuss the use of adjusting entries in the preparation of accurate financial

The average retail price of cookbooks will be 30 and their : you are starting your own internet business. you decide to form a company that will sell cookbooks online.

Why is capaneus inferno 14 so important in understanding : 1. why is capaneus inferno 14 so important in understanding the psychology of the sinners in hell?2. identify the

Empowerment is based on the ldquocontrolrdquo model that : 1. companies that engage in a ldquocycle of successrdquo are more likely to have which of the following? points

The machardee plumbing company has common stock outstanding : 1 how long does it take 1000 to quadruple in value if you have an 11 annual return? assume annual compounding and

Explain why is risk management an important aspect of : please answer each question in 250 words or more each. 1 why is risk management an important aspect of project

User Account

All Pages