The baking department began the period with 16,000 units which were 45% complete. during the period, the department received another 78,000 units from the previous department, and at the end of the period, 9,000 units remained which were 40% complete. conversion costs are added evenly throughout the process and materials are added at the beginning of the process. how much are equivalent units for conversion costs in the baking department’s work in process inventory at the end of the period?

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.