Suppose we want to use game theory to analyze how an oligopolist selects its optimal price.
The cells of the payoff matrix show:

A. the profit that each producer can expect to earn from every combination of strategies by the firms in the market.
B. the profit that each producer can expect to earn by pursuing a single strategy.
C. the expected profits of rival firms.
D. the strategy that a firm must pursue to earn various levels of profit.

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.