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Author Question: Apple recently announced that the company is exploring the electric vehicle market, and ... (Read 28 times)

809779

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Figure 2-7






Apple recently announced that the company is exploring the electric vehicle market, and is looking to produce vehicles as early as 2020. Assume Apple chooses to produce both traditional electric-engine vehicles and self-driving electric-engine vehicles. Figure 2-7 shows changes to its production possibilities frontier in response to new developments and different strategic production decisions.






Refer to Figure 2-7. Suppose worker productivity increases so that the total number of vehicles produced increases as the company adds more machinery, workers, and changes the layout of the factory. This is best represented by the


◦ movement from 
E to 
F in Graph A.
◦ movement from 
G to 
H in Graph B.
◦ movement from 
K to 
L in Graph C.
◦ movement from 
H to 
J in Graph B.
« Last Edit: Mar 15, 2019 by Celeste »
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Marked as best answer by 809779 on Mar 15, 2019

b614102004

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809779

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Reply 2 on: Mar 15, 2019
Excellent


kthug

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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