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 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 issues:

1. Describe 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
 
2. examine why a company 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?
3. would make the same decision. Would anything be holding you back, or would you come up with another solution?

Answer rating: 100% (QA)

Answer Businesses decide which products to sell and which ones to not sell based on various factors including market demand production costs profitabi... View the full answer