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In a manufacturing plant, workers use a specialized machine to produce belts. A new machine is invented that is labor-saving. With the new machine, the firm can use fewer workers and still produce the same number of belts as it did using the old machine. In the long run, both labor and capital (the machine) are variable From what you know, what is the effect of this invention on the average product of labor (AP Subscript Upper L).
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Business, 22.06.2019 11:50, tre9990
The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units
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In a manufacturing plant, workers use a specialized machine to produce belts. A new machine is inven...
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