Atax targeted to reduce consumption of a good by a specific quantity will raise the most revenue when:

a. both supply and demand are inelastic.

b. supply is inelastic and demand is elastic.

c. supply is elastic and demand is inelastic.

d. both supply and demand are elastic.

Diversity is an obstacle all marketers face: true false

The face of a company is often that of the lowest paid employees who meet the customers. select one: true false

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.