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A Retail Chain Sells 100 Designer Sheet Sets for $199

question 17

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A retail chain sells 100 designer sheet sets for $199.99 a set;these sheet sets cost the company $69.95 a set to buy.The company also sells 1,000 basic sheet sets for $49.99 a set;these sheet sets cost the company $24.99 to buy.Other operating expenses total $10,000.Which of the following statements is true?


Definitions:

Referents

The actual thing or concept that a word or phrase refers to.

Language Of Origin

The original language from which a word, phrase, or language itself has been derived.

Stipulative Definition

A stipulative definition is one that assigns a new or specific meaning to a word or phrase, for the purpose of argument or discussion.

Consuming

The act of using up or eating something; in economics, it refers to the purchase and use of goods and services by households.

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