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QA › Economics › How would a manufacturer benefit by using fewer scarce resources?

How would a manufacturer benefit by using fewer scarce resources?

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.

Answer: A. The product would be less expensive to produce.

When a manufacturer uses limited scarce resources during production, the product becomes less expensive to produce. Scarce resources have very limited availability when compared to desired use. When a manufacturer uses so many scarce resources during production, the cost of production increases as scarce resources need more money to purchase. Using minimal scarce resources saves more on product manufacturing. For example, a producer of fabric will most likely focus on quality while using the cheapest materials available. At the end the fabric comes out wonderful and the production cost isn’t too pricey.

Economics

3 years ago

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