Question: 3. When a process has a beginning work-in-process inventory (BWIP), this prior period cost should be: (1 Point) subtracted from current manufacturing cost in the

3. When a process has a beginning work-in-process inventory (BWIP), this

3. When a process has a beginning work-in-process inventory (BWIP), this prior period cost should be: (1 Point) subtracted from current manufacturing cost in the numerator of the unit cost formula Ignored in the calculation of unit cost multiplied by the percentage of completion of the ending inventory when calculating equivalent units added to the current manufacturing cost in the numerator of the unit cost formula

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=+to work more, because the reward for working an additional hour has risen (equivalently, the opportunity cost of leisure has gone up). Apply these concepts to Blanchards hypothesis about

=+ b. How would this change in productivity affect the labor marketthat is, employment, unemployment, and real wagesif the labor market is always in equilibrium?

=+ 6. Suppose that a country experiences a reduction in productivitythat is, an adverse shock to the production function.