Explore BrainMass
Share

Production Possibility Curve

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

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.

© BrainMass Inc. brainmass.com October 24, 2018, 5:39 pm ad1c9bdddf
https://brainmass.com/economics/technology/production-possibility-curve-17179

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 ...

$2.19
See Also This Related BrainMass Solution

Graphing a production possibilities frontier

I need a graph of the production possibilities frontier for the following question:

American and Japanese workers can each produce 4 cars a year. An American worker can produce 10 tons of grain a year, while a Japanese worker can produce 5 tons of grain a year. Assume that each country has 100 million workers.

View Full Posting Details