Use the following to answer questions:
Figure: Water Works 
-(Figure: Water Works) Look at the figure Water Works, which describes a small town's water works, a natural monopoly. If the water works is unregulated and maximizes profit, how many customers will it serve?
Definitions:
Administrative Expense
Expenses related to the general operation of a business, excluding production, marketing, and direct labor costs.
Period Cost
Expenses that are not directly tied to production activity and are expensed in the period they are incurred.
Production Supervisor's Salary
The compensation paid to the individual responsible for overseeing and managing the daily operations of the production floor.
Factory Overhead
All indirect costs associated with the manufacturing process, including utilities, maintenance, and salaries of non-direct labor.
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