## Just do my homework!

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Question
Submitted by Proteach on Mon, 2012-03-19 04:48
due on Fri, 2012-03-23 04:46
Proteach is willing to pay \$3.00
Proteach bought 49 out of 61 answered question(s)

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asheyl on Fri, 11 May 2012
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# Econ

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

\$1,000

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 – 9,000P, 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.