Parkette, inc., acquired a 60 percent interest in skybox company several years ago. during 2017, skybox sold inventory costing $172,000 to parkette for $215,000. a total of 19 percent of this inventory was not sold to outsiders until 2018. during 2018, skybox sold inventory costing $242,950 to parkette for $282,500. a total of 30 percent of this inventory was not sold to outsiders until 2019. in 2018, parkette reported cost of goods sold of $562,500 while skybox reported $375,000. what is the consolidated cost of goods sold in 2018?

One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.