Private contracts between parties with mutual interests a. will lead to market outcomes in which the public interest is sacrificed for personal gain. b. can solve some inefficiencies associated with positive externalities. c. will create negative externalities. d. will reduce the well-being of society.

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.