Question 621026: Kindly help me solve an equation for demand. Information provided is:
Q = 10,000 - 9,000P
Where Q= the number of cookbooks sold per month
P= the retail price of books.
The entire problem is:
Fixed Costs = $5,000 for technology, $4,000 for equipment, $1,000 for overhead.
(Other costs are $1,00 postage and handling, $3,000, $2,000 inventory of books)
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 cookbook will be $30.00 and the average cost will be $20. Assume that the equation for demand is Q=10,000 -9000P 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 $25.00 and $35.00
Answer by solver91311(24713)   (Show Source):
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