According to the Figure,a New Technology That Makes It Easier

question 4

Multiple Choice

According to the figure,a new technology that makes it easier to peel,core,and prepare apples will cause

• A) the entire production possibilities frontier (PPF)to shift outward.
• B) the entire production possibilities frontier (PPF)to shift inward.
• C) the production possibilities frontier (PPF)to rotate outward to a larger maximum quantity of apple pies with no change in maximum blueberry pies.
• D) the production possibilities frontier (PPF)to rotate outward to a larger maximum quantity of blueberry pies with no change in maximum apple pies.
• E) the production possibilities frontier (PPF)to stay exactly the same because there is no change in resources.

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Definitions:

Sample Mean

The average computed from a sample set of data, representing the central tendency or typical value of the sampled population.

Median

The middle value in a data set, which divides the set into two equal halves.

Extreme Values

Data points that are significantly higher or lower than the majority of a data set, often considered as outliers or anomalies.

Variance

A statistic that represents the extent to which a set of numbers is spread out, calculating the average of the squared differences from the Mean.