As compared to the market clearing price, the total amount of consumer surplus and producer surplus is Select one: A. greater for a government-imposed price floor that is higher than that market clearing price. B. smaller for a government-imposed price ceiling that is lower than that market clearing price. C. greater for a government-imposed price ceiling that is lower than that market clearing price. D. the same as a government-imposed price floor that is higher than that market clearing price.

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