You should give up the full-time job which paid 50000 per

Reference no: EM13391603

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

Deliverable Length: 1 graph plus calculations

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 = 40,000 - 500P, where

Q = the number of cookbooks sold per month

P = the retail price of books.

Show what the demand curve would look like for price between $25 and $35.

Reference no: EM13391603

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