| Part 1 - Graph using this data | | I need help making a graph to show demand curve |
| Technology (Web design and maintenance) | $ 5,000.00 |
| Postage and handling | $ 1,000.00 |
| Miscellaneous | $ 3,000.00 |
| Inventory of cookbooks | $ 2,000.00 |
| Equipment | $ 4,000.00 |
| Overhead | $ 1,000.00 |
| Total Costs | $ 16,000.00 |
| Sales Price | $ 30.00 |
| Cost Per Book | $ 20.00 |
| Q = Quantity ( Q=40,000-500P) | $ 25,000.00 |
| Part 2 - 600-800 Words | | Assigment Requirements - Respond to the following: |
| 22,000*30=660,000 Revenue Per Month Costs = 16,000 (assuming costs above are monthly) - I don’t under the origin of figures "40,000-500P " but used them above to calculate the figure) | | 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? |
| | | Is the business worth pursuing so far? |
| | | What market structure have you entered, and why? |
| | | What can you do to guarantee success in this market? |
| | | What pricing strategy might you use? |
helpmeout11
20170913151334mara_simon__econ.xlsx
