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


H
Asked by 8 months ago
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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

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...

Suppose that
hemsworth

1 Answer

H
Answered by 8 months ago
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Oh Snap! This Answer is Locked

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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Asked: 8 months ago

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