History shows that every economic miracle eventually loses its luster as youthful exuberance gives way to economic maturity. As fixed investment increases, its marginal return decreases, and each additional unit of capital fosters less output than the preceding one

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