A Firm Producing Calculators and Cell Phones Purchases New Machinery

question 135

Multiple Choice

A firm producing calculators and cell phones purchases new machinery that increases the productivity of producing calculators.Assuming that the number of calculators produced is measured on the x-axis and the number of cell phones produced is measured on the y-axis,how will the introduction of the new machinery change the firm's production possibilities curve?

• A) The production possibilities curve will shift to the left.
• B) The production possibilities curve will shift to the right.
• C) The production possibilities curve will pivot rightward about the y-axis.
• D) The production possibilities curve will pivot rightward about the x-axis.

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Definitions:

Flynn Effect

The observed substantial and long-term increase in both fluid and crystallized intelligence test scores measured in many parts of the world over the 20th century.

Generational Impact

The long-term effects and influences that one generation has on the future generations and societal structures.

Upward Mobility

The ability or opportunity for an individual or group to improve their social status, often through education or employment.

National Student Body

A national student body is an organization or collective that represents the interests and welfare of students across a nation, often advocating for educational policies and student rights.