19 Toyota Plans to Build a Better Company Toyota plans to produce 3 million cars per year...
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19 Toyota Plans to Build a Better Company Toyota plans to produce 3 million cars per year and use the balance of its resources to upgrade its workers’ skills and create new technology. In three years’ time, Toyota plans to produce better cars and be more productive.
Source: Financial Post, 7 April 2014 a What is the opportunuity cost of upgrading its workers’
skills and creating new technology?
b Sketch Toyota’s PPF and mark its production point in 2014. Now show on your graph Toyota’s PPF in 2018.
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Related Book For
Economics
ISBN: 9781118150122
10th European Edition
Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews
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