Private decisions about consumption of common resources and production of public goods usually lead to anA. efficient allocation of resources and no external effects. B. efficient allocation of resources and external effects. C. inefficient allocation of resources and external effects. D. inefficient allocation of resources and no external effects.

Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production