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The effect of increased resources in a production possibility frontier, or PPF, is an imbalance in the graph. Since a PPF is created based on set production factors, the results of the graph would be skewed with an increase in resources unless other production factors were increased accordingly.
Higher prices for consumers--APEX Natural Resources necessary for production are safeguarded.
The Country of Origin effect is a psychological factor that impacts consumers when they see where a product is made. Studies have shown consumers will take all of the factors they know about a place, such as their political leanings, to reach a decision about a product which has absolutely nothing to do with the politics of that country.
acid rain helps companies lower their production cost, which then allows them to increase their profits and expand their production at the expense of others since it could poison their water supplies, which can ultimately lead local economies to collapse
Higher profits
they cut into company profits, they stifle competition, they cause higher prices for consumers.
they cut into company profits, they stifle competition, they cause higher prices for consumers.
The effect of increased resources in a production possibility frontier, or PPF, is an imbalance in the graph. Since a PPF is created based on set production factors, the results of the graph would be skewed with an increase in resources unless other production factors were increased accordingly.
Higher prices for consumers--APEX Natural resources necessary for production are safeguarded.
Higher prices for consumers--APEX Natural Resources necessary for production are safeguarded.
Higher profits
If a monopolist raises his prices above marginal cost, he will increase his profits. This seems like a good thing for the monopolist. However, the down side is that it reduces the well-being of consumers. Most times, the harm to consumers is greater than the gain of the monopolist.
The Country of Origin effect is a psychological factor that impacts consumers when they see where a product is made. Studies have shown consumers will take all of the factors they know about a place, such as their political leanings, to reach a decision about a product which has absolutely nothing to do with the politics of that country.
acid rain helps companies lower their production cost, which then allows them to increase their profits and expand their production at the expense of others since it could poison their water supplies, which can ultimately lead local economies to collapse
money and profits
Higher profits
higher profits