Businesses must decide which products to sell based on limited resources. They analyze production possibilities and choose products that make the most efficient use of resources. For example, a company may stop selling one profitable product to instead sell a similar new product if it allows them to better utilize their resources and remain competitive. While customers may initially resist changes, companies aim for innovations that create benefits for both the business and consumers over the long run.
Prompt Comparatively, Macroeconomics is about large-scale economic is.pdf
1. Prompt Comparatively, Macroeconomics is about large-scale economic issues and how the
government and the banking system using tools to control what happens. In microeconomics, the
discussion shifts to personal and business choices on a much smaller scale than in Macro. For
this discussion, consider chapters 1 and 2, especially the production possibility frontier (PPF)
and how limited resources cause businesses to decide on what they can make and sell. Discuss
the following questions to address these issutes: 1. Write one paragraph describing how
businesses decide which products they should sell and which ones they should not sell. Find a
real-life example and explain the economic decision. (Make sure you support your opinion with
academic resources such as journal articles found on the HCCC Library website databases under
research) 2. Write one paragraph examining why a cormpany would stop selling a profitable
product to sell a similar one. What benefit is gained from switching and why would customers
accept a new product when they already like the old one? (Make sure you support your opinion
with academic resources such as journal articles found on the HCCC Library website databases:
under research. 3. Write one paragraph reflecting upon these two decisions and if you would
make the same decision. Would anything beholding you back, or would you come up with
another solution? As this is a personal reflection, all response posts should be directed towards
questions 1 or 2 , not the personal reflection. Submission Instructions One main post is required
to address the weekly problem. Two subsequent response posts are then needed to discuss the
main posts from your colleagues. The three minimum required posts should be completed three
days throughout the wepk. Proner formatting using MLAor APA guidelines
