The demand curve for the new computer game, Rock and Roll Trivia, is given as follows: Q = 200 - 5P - .1Pc - .5Pd + .2A – 0.5Iwhere P is the price of the game Pc is the price of a computer Pd is the price of a diskette A is the level of advertising I is the level of incomeSuppose P = 10, Pc = 100, Pd = 2, A = 5, and I = 50. What is the income elasticity of demand?A) 0B) -23/5C) 1D) -5/23E) none of the abovePlease explain your answer

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.