Stacie took a study break to watch T. V. As she was flipping through the channels, the QVC channel caught her eye. Billy Blanks along with 15 others were demonstrating workout routines while one person gave a testimonial about how the TaeBo workout video tapes had changed her life. QVC advertised the TaeBo videos for only $29.99, but also showed $100 crossed out with a red slash, stating that the tapes were a "$100 value".
What is the "$100 value" called, and what is its purpose?

A. Reference Price; to establish the perceived value of the product.
B. Value Price; to offer the customer maximum savings.
C. Retail Price; to show what retailers pay wholesalers for the product.
D. Wholesale Price; to demonstrate the savings wholesalers pass along to customers.

In 2007, americans smoked 19.2 billion packs of cigarettes. they paid an average retail price of $4.50 per pack. a. given that the elasticity of supply is 0.50.5 and the elasticity of demand is negative 0.4−0.4, derive linear demand and supply curves for cigarettes. the demand equation is qdequals=nothingplus+nothing times ×p and the supply equation is qsequals=nothingplus+nothing times ×p.

Jurvin enterprises is a manufacturing company that had no beginning inventories. a subset of the transactions that it recorded during a recent month is shown below. $76,700 in raw materials were purchased for cash. $71,400 in raw materials were used in production. of this amount, $66,300 was for direct materials and the remainder was for indirect materials. total labor wages of $151,700 were incurred and paid. of this amount, $134,300 was for direct labor and the remainder was for indirect labor. additional manufacturing overhead costs of $126,300 were incurred and paid. manufacturing overhead of $126,800 was applied to production using the company's predetermined overhead rate. all of the jobs in process at the end of the month were completed. all of the completed jobs were shipped to customers. any underapplied or overapplied overhead for the period was closed to cost of goods sold.required: 1. post the above transactions to t-accounts.2. determine the cost of goods sold for the period.

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes