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Business, 22.01.2021 20:10 sairaanwar67

Consider this situation. A factory makes blue and green widgets.
The cost of making both types of widgets is the same.
Both types of widgets sell for $5 apiece.
The factory can make 20 widgets of either color in a day.
The factory has been making 10 blue and 10 green widgets a day.
The price of blue widgets rises to $6.
Assuming that all other factors remain the same, how should the factory respond to this increase of price?
by decreasing the number of blue widgets supplied
by increasing the number of blue widgets supplied
by increasing the number of green widgets supplied

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Answers: 1

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Consider this situation. A factory makes blue and green widgets.
The cost of making both type...

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