Refer to the Following Figure for the Questions That Follow

question 28

Multiple Choice

Refer to the following figure for the questions that follow.

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

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

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Definitions:

Corporate Expansion

The process of a company increasing its business operations and market presence, which may involve opening new locations, acquiring other businesses, or expanding its product or service offerings.

Sherman Antitrust

A landmark federal statute in the U.S. passed in 1890, which outlaws monopolistic business practices.

Restraint Of Trade

A limitation on the full exercise of doing business with others.

Monopoly

The exclusive control of a market by a business enterprise.