Endeavour to draw the diagrams for the 2nd questiom

ARTICLE 2 TOPIC: Production and cost SOURCE: Reuters.com AUTHOR: Manoj Kumar DATE: 20 OCTOBER 2021 In the Article, international company Procter & Gamble Co (PG.N) announced that the prices for its hygiene products (oral, facial and grooming products) will be increased due to multiple challenges during pandemic levels. This happens because prices of raw materials are high, resulting in a loss of profit for PG.N as expenses rose along with the increase of costs of raw materials. Furthermore, the increase in fixed costs such as petrol and energy following the pandemic's spread early last year affects costs for the chain of production of hygiene products. We can tell that this news contributes the same in our syllabus, which is Chapter 4 (Production and cost) in Fundamentals of Economics Textbook. According to the Article, PG.N argues that he is dealing with the whammy of high costs, which is equivalent to production and cost, in which a change in costs generates a bigger percentage change in the quantity of production. Calculations: It is mentioned in the article that there was an increase of fixed costs, which led to an 21.1% increase in commodity and freight costs in the production costs. Production and cost (PD) Diagram Diagram here Diagram explanation ARTICLE 2 TOPIC: Production and cost SOURCE: Reuters.com AUTHOR: Manoj Kumar DATE: 20 OCTOBER 2021 In the Article, international company Procter & Gamble Co (PG.N) announced that the prices for its hygiene products (oral, facial and grooming products) will be increased due to multiple challenges during pandemic levels. This happens because prices of raw materials are high, resulting in a loss of profit for PG.N as expenses rose along with the increase of costs of raw materials. Furthermore, the increase in fixed costs such as petrol and energy following the pandemic's spread early last year affects costs for the chain of production of hygiene products. We can tell that this news contributes the same in our syllabus, which is Chapter 4 (Production and cost) in Fundamentals of Economics Textbook. According to the Article, PG.N argues that he is dealing with the whammy of high costs, which is equivalent to production and cost, in which a change in costs generates a bigger percentage change in the quantity of production. Calculations: It is mentioned in the article that there was an increase of fixed costs, which led to an 21.1% increase in commodity and freight costs in the production costs. Production and cost (PD) Diagram Diagram here Diagram explanation