Refer to the Information Provided in Figure 7

question 22

Multiple Choice

Refer to the information provided in Figure 7.7 below to answer the question(s) that follow. Figure 7.7
-Refer to Figure 7.7 above. If Roller Skates Unlimited moves from isoquant A to isoquant B, the number of roller skates produced

• A) decreases.
• B) increases.
• C) remains constant, but Roller Skates Unlimited uses more capital and more labor.
• D) remains constant, but input prices have risen.

---

Definitions:

Z-scores

A standard score indicating how many standard deviations an element is from the mean.

Normal Curve

A bell-shaped curve that represents the distribution of a set of data where most occurrences take place around the mean, tapering off symmetrically towards the extremes.

T-statistic

A type of statistic used in hypothesis testing when the sample size is small and the population variance is unknown, it is based on the Student's t-distribution.

Z-score

A statistic that tells you how many standard deviations a given value is from the mean.