One of the major differences between a monopolist and a purely competitive firm is that the monopolist has a demand curve, while the competitive firm has a demand curve Group of answer choices Downward sloping; perfectly elastic Perfectly elastic; downward-sloping Perfectly inelastic; perfectly elastic Downward sloping; perfectly inelastic

Tandard product costs deerfield company manufactures product m in its factory. production of m requires 2 pounds of material p, costing $4 per pound and 0.5 hour of direct labor costing, $10 per hour. the variable overhead rate is $8 per direct labor hour, and the fixed overhead rate is $12 per direct labor hour. what is the standard product cost for product m? direct material answer direct labor answer variable overhead answer fixed overhead answer standard product cost per unit answer