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Production Possibility Curve

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.

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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.
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<br>2. Improvements in ...

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