Using the FIFO method of calculating the equivalent units of production for process 3 on your production line, you are provided with the following information: 1000 units- beginning inventory at 50% complete 500 units- started and finished during the period 1000 units- 25% complete at the end of the period. What is the equivalent units of production for this department?

Many potential buyers value high-quality used cars at the full-information market price of € p1 and lemons at € p2. a limited number of potential sellers value high-quality cars at € v1 ≤ p1 and lemons at € v2 ≤ p2. everyone is risk neutral. the share of lemons among all the used cars that might be potentially sold is € θ . suppose that the buyers incur a transaction cost of $200 to purchase a car. this transaction cost is the value of their time to find a car. what is the equilibrium? is it possible that no cars are sold