A Production Possibilities Frontier: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a simplifies the real world by assuming scarcity does not exist. b provides insight as to why some consumers prefer one of the outputs over the other output. c shows the maximum amount of two outputs that can be produced in a given time period, ceteris paribus. d illustrates the difference between the fallacy of false cause and the fallacy of division. Unanswered4 attempts left

You are a team of marketing consultants. it is 2008 and the great recession has struck. one of your clients is whole foods market (sometimes known as whole paycheck). wfm has come to you and asked for strategic advice on how to adapt their product and pricing strategies in light of the economic downturn: 1. advise wfm on the various approaches that could be taken to reducing price. be sure to consider potential psychological impact of price reductions on wfm consumers. 2. based on the options outlined in part 1, recommend an approach and support with marketing theory.