Question
In 2021, the Ford Motor Co. of Canada announced that they would begin to build 3 models of electric vehicles in Canada in 2023 and
- In 2021, the Ford Motor Co. of Canada announced that they would begin to build 3 models of electric vehicles in Canada in 2023 and 2024.
a. Identify the elements of scarcity, choice, and opportunity cost for Ford Motor Co. now regarding electric vehicles.
b. What would have been the effect on Ford Motor Co.'s production possibilities curve (PPC) when they decided to manufacture the electric vehicles? Provide a graph, if necessary.
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Microeconomics Principles, Problems, And Policies
Authors: Campbell McConnell
21st Edition
1259915727, 9781259915727
