Two brands of water, natural water and mountain water, are close substitutes. if the price of mountain water decreases, the fall in price a. shifts the demand curve for natural water leftward. b. shifts the demand curve for natural water rightward. c. increases the price of natural water. d. increases the demand for mountain water. e. more information is needed to determine if the demand curve for natural water shifts rightward or leftward.

Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost

Before setting your prices, it's wise to a. subtract your profit margin from your costs. b. research industry standards. c. memorize the formula for cost plus. d. ignore your competitors' prices.

What criteria does a company have to meet to be considered a monopoly?