eco-journal3 - a choice between investing more on...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Journal: “The incredible shrinking cereal box” By Jessica Dickler, staff writer September 10, 2008: 2:27 PM EDT The Cereal Companies are facing the problem of food inflation when the prizes of gas, fuel and ingredients are increasing. With the assumption of fixed budget, they are coping with the issue of resources scarcity . Therefore, a proper way is to make
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: a choice between investing more on manufacture, or producing less cereal (consumer goods). Theyve made their choice that reducing the amount of cereal in the cereal boxes, so that they do not have to be concerned with the increasing product costs. To keep the profit remain no change, this is a smart way to play a hoax on the consumers....
View Full Document

This note was uploaded on 03/10/2011 for the course ECON 101 taught by Professor Duc during the Spring '05 term at Linfield.

Ask a homework question - tutors are online