【简答题】Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $5 million. The machinery can be sold to the Romulans today for $4 million. Klingon’s current balance sheet shows net fixed ...
【单选题】In January the price of widgets was $1.00, and Wendy's Widgets produced 80 widgets. In February the price of widgets was $1.50, and Wendy's Widgets produced 110 widgets. In March the price of widgets ...
A.
0.79 when the price increased from $1.00 to $1.50 and 0.84 when the price increased from $1.50 to $2.00.
B.
1.27 when the price increased from $1.00 to $1.50 and 1.19 when the price increased from $1.50 to $2.00.
C.
0.79 when the price increased from $1.00 to $1.50 and 1.19 when the price increased from $1.50 to $2.00.
D.
1.27 when the price increased from $1.00 to $1.50 and 0.84 when the price increased from $1.50 to $2.00.
【单选题】Suppose that the equilibrium price in the market for widgets is $5. If a law increased the minimum legal price for widgets to $6, producer surplus
A.
would necessarily increase even if the higher price resulted in a surplus of widgets.
B.
would necessarily decrease because the higher price would create a surplus of widgets.