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Click on the icon to read the news clip, then complete the following Car production capital (units) 600 steps. 500- The graph shows Toyota's PPF

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Click on the icon to read the news clip, then complete the following Car production capital (units) 600 steps. 500- The graph shows Toyota's PPF in 2013. The y-axis measures Toyota's 400- capital used in producing cars and the x-axis measures the number of cars produced. 300- Car production capital includes human skills and technology. Draw a point to show Toyota's production point in 2013 when Toyota uses 200- all its car production capital to produce cars. Label it 1. Now draw a point to show Toyota's car production in 2014 when it 100 allocates some resources to upgrading human skills and creating new technology. Label it 2. PPF 2013 Draw Toyota's PPF in 2018 if its plan to upgrade human skills and create new technology is successful. Label it. Cars (millions per year) >>> Draw only the objects specified in the question. News clip - X Toyota Plans to Build a Better Company X ar ? Toyota will 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. k Clear all Source: Financial Post, April 7, 2014 Check answer TextbookCha

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