How would a manufacturer benefit by using fewer scarce resources?

Question

Social Studies

Michael Simmons

5 August, 13:26

How would a manufacturer benefit by using fewer scarce resources?

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Answers (2)

Know the Answer?

Adelaide Norman · Answer 1

A manufacture would benefit highly from this because the cost of production will be lessened. Goods or raw materials will no longer be required to be bought by manufacturers and the products that they sell will generate income immediately. However, the play with the demand and supply law in Economy will eventually take its toll to the manufacturers.

Chance · Answer 2

Answer choices are:

A) The product would be less expensive to produce.

B) The product would better satisfy consumer needs.

C) The product would be popular and readily available.

D) The product would provide a more satisfactory profit.

A manufacturer gets to benefit from using fewer scarce resources as:

A. The product would be less expensive to produce.

Explanation:

Scarce resources are the workers, equipment, raw materials, and organizers used to produce scarce goods. Therefore, the lesser would be the number of workers, equipment, and raw materials, the lesser would be the cost of the product.

Hence, goods or raw materials will no longer be required to be bought by manufacturers and the products that they sell will generate income immediately. However, the play with the demand and supply law in Economy will eventually take its toll on the manufacturers.