Moving Between Two Points on a PPF, a Country Gains

question 80

Multiple Choice

Moving between two points on a PPF, a country gains 8 desktop computers and forgoes 4 laptop Computers. The opportunity cost of 1 desktop computer is

• A)8 desktops.
• B)1/2 of a laptop.
• C)2 laptops.
• D)1 desktop.
• E)4 laptops.

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Definitions:

Median

In a sequence of numbers sorted from lowest to highest, the median represents the number that lies at the midpoint.

Mode

The commonly encountered value within a series of data.

Mode

The value or category that appears most frequently in a data set.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution, aiming to provide a concise description of a dataset's overall pattern.