Barnes and Miller Manufacturing uses a process cost system in its production department and is trying to determine the equivalent units for conversion costs. There are 28,000 physical units and no beginning units in the department. There are 10,000 units in ending work in process at 80% complete and conversion costs occur evenly throughout the entire production period. What are the equivalent units for conversion costs for the current period

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.

answer: true

step-by-step explanation: