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.
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>2. Improvements in ...