Suppose that you expect to sell about 22,000 cookbooks per month online, and assume your overhead, technology, and equipment costs are fixed. What are your total costs

# Suppose that you expect to sell about 22,000 cookbooks per month online, and assume your overhead, technology, and equipment costs are fixed. What are your total costs

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You are starting your own Internet business. You decide to form a company that will sell cookbooks online. 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

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...

Suppose that
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Excerpt from file: You are starting your own Internet business. You decide to form a company that will sell cookbooks online. 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

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