A good is excludable if: a) Those who are unwilling or unable to pay for the good do not obtain its benefits. b) It is not possible to prevent an individual from using the good. c) The quantity of the good is affected by the price a consumer pays for the good. d) Consumption of the good by one person decreases the ability of other people to consume the good.

(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?

Experienced problem solvers always consider both the value and units of their answer to a problem. why?

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