Suppose the demand (in thousands) for a toaster is given by 100p−2, where p is the price in dollars charged for the toaster. a. If the variable cost of producing a toaster is $10, what price maximizes profit? Consider prices from $12 to $30, at $2 increments.$b. The elasticity of demand is defined as the percentage change in demand created by a 1% change in price. Build a data table that shows how the demand for toasters varies when the price increases by consecutive 1% increments. Start with a price of $18.Does the elasticity depend on price?The demand for toasters has Select constant decreasing increasing elasticity. In other words, the elasticity Select doesn't depends on the price of the toaster. c. Would this be true if the demand for toasters were linear in price?

Mesa company produces wooden rocking chairs. the company has two production departments, cutting and assembly. the wood is cut and sanded in cutting and then transferred to assembly to be assembled and painted. from assembly, the chairs are transferred to finished goods inventory and then are sold. mesa has compiled the following information for the month of february: cutting department assemblydepartmentdirect materials $ 73,000 $ 13,000direct labor 73,000 108,000applied manufacturing overhead 159,000 171,000cost of goods completed and transferred out 233,000 255,000required: 1, 2, 3, & 4. prepare journal entries for the transactions in the cutting and assembly departments of mesa company. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)