Vintage Baskets had the following department dа ta: Work in process, physical units, August 1 8,000 Completed and transferred out physical units 69,000 Work in process, physical units, August 31 6,000 Materials are added at the beginning of
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Consider the market for a natural resource, where the price is initially $20,000 per ton and 40,000 thousand tons are supplied. Suppose the price of the resource falls to $18,000 per ton, at which price the market supplies 39,500 thousand tons.
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