Question

3-D printing technologies now make it possible for companies to adapt their products more easily to customer preferences.

a. 3-D printing has no impact on product adaptation
b. Product adaptation is not influenced by 3-D printing
c. 3-D printing facilitates easy product adaptation to customer preferences
d. Product adaptation is unrelated to 3-D printing technologies

Answer 1

3-D printing greatly enhances a company's ability to adapt products to individual customer preferences, which can boost output and employment, with a varied impact on the price level.

Step-by-step explanation:

3-D printing technology significantly impacts companies' ability to adapt their products to customer preferences. With the advancements in 3-D printing, firms can now quickly and efficiently produce goods that are tailored to individual preferences, which demonstrates a clear relationship between 3-D printing and product adaptation. The correct answer to the student's question is c. 3-D printing facilitates easy product adaptation to customer preferences.

When firms become more optimistic about the economy's future and innovation in 3-D printing increases worker productivity, the combined effect can lead to higher output, growth in employment, and potentially an increase in the price level. However, the exact impact on the price level can vary depending on other economic factors, such as supply and demand conditions.