Purchase Solution

Production Possibility Curve

Not what you're looking for?

Ask Custom Question

Using the company Bausch & Lomb (www.bausch.com), list at least four conditions that would change the Production Possibility Curve, and state, in reasonable detail, how the change(s) would affect the firms PPC.

Purchase this Solution

Solution Preview

1. Expansion in other fields of eye care: Currently Bausch & Lomb has three product lines: Vision Care, Surgical, and Pharmaceuticals. If the company can identify another field of eye care, for instance opening a eye care hospital in New York area for potential opthalmic patients, it can cause an outward shift in its PPC, due to an increase in the available workforce or a rise in the amount of capital equipment available for businesses to use. Acquiring land for the construction of hospital may also become available for the production process.
<br>
<br>2. Improvements in ...

Purchase this Solution


Free BrainMass Quizzes
Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.