From a Point Within the Utilities Possibilities Frontier

question 10

Multiple Choice

From a point within the utilities possibilities frontier,

• A) movement to another point within the frontier can only increase one person's utility, but not both people's utility.
• B) it is possible to find another point within the frontier that generates higher utility for both people.
• C) it is possible to find another point within the frontier that involves higher output of both goods.
• D) any move to another point within the frontier will necessarily decrease someone's utility.

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Definitions:

Statistical Significance

The probability that a computed statistic such as a t-test or correlation is not due to chance.

T Test

A statistical test used to compare the means of two groups, determining if there is a significant difference between them.

T Test

A statistical test used to determine if there is a significant difference between the means of two groups, which may be related in certain features.

Mean Scores

The average value of a set of numbers, calculated by dividing the sum of all values by the number of values.