Last year, buckner and jones company incurred the following costs: direct material $42,000 direct labor 63,000 manufacturing overhead 94,500 selling expenses 25,200 administrative expenses 23,100 buckner & jones produced and sold 2,060 units at a sales price of $131.25 each. assume that beginning and ending inventories of materials, work in process, and finished goods were zero. what was the conversion cost per unit? (note: round answer to two decimal places.)a. $50.55 b. $76.46 c. $95.00 d. $125.65

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.