What was the main drawback of Ford’s assembly line?
2 answers:
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Answer:
Explanation:
In the Canadian country, it is possible that the country is able to produce either 100 units of lumber or 1000 lightbulbs. Then, 100 lumber is equal to 1000 bulbs in the home, and hence, one lumber is equivalent to 10 bulbs. Therefore, the opportunity cost of lumber in the home is ten bulbs.
Thus, the country's production possibilities frontier PPF is a linear combination of 100 lumber and 1000 bulbs. The graphical diagram of the production possibilities frontier PPF can be seen in the image below.
