Which of the Following Factors Will NOT Cause a Production

question 44

Multiple Choice

Which of the following factors will NOT cause a production possibilities curve to shift away from the origin?

• A) New,improved technology.
• B) Access to additional productive resources.
• C) Easier access to university education.
• D) Enforcement of compulsory retirement at age 60,for all workers.
• E) Increased expenditure on capital investment.

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Definitions:

Prestige Pricing

A pricing strategy where prices are set higher than competitors to convey an image of exclusivity or superior quality.

Price Lining

A pricing strategy where products are sold at predetermined price points, each representing a distinct level of quality or features.

Customary Pricing

Pricing strategy based on what is traditionally expected or accepted within a specific market or industry.

Loss-leader Pricing

A strategy where a product is sold at a loss to attract customers in hopes they will make additional purchases.