Use the following to answer questions : 
-(Table: Competitive Market for Good Z) Look at the table Competitive Market for Good Z. If the demand curve for good Z is linear, it can be expressed as:
Definitions:
Overhead Costs
Indirect expenses related to the day-to-day running of a business, such as rent, utilities, and administrative costs.
Merchandise Purchases Budget
A financial plan that estimates the cost of goods a business needs to buy to meet its sales goals.
Production Budget
An estimate of the total cost of production (including materials, labor, and overhead) for a specific period.
Long-Range Planning
The process of defining strategic goals and making decisions on allocating resources to pursue this strategy over an extended period, typically beyond one year.
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