Follow the instructions

About 1000 words

Case study.

4 questions as follows:

1. What isthe opportunity cost associated with having a worker wander across thefactory floor from task to task or in search of tools and parts?

2. Explain how lean manufacturing improves the economy’s efficiency in allocation.

3.Before lean manufacturing innovations, Japan mostly sold consumerelectronics to the United States. How did lean manufacturing innovationsalter Japan’s comparative advantage vis-à-vis the United States?

4.Predict how the shift in the location of Toyota’s production from Japanto the United States is likely to alter the pattern of comparativeadvantage in auto making between the two countries.