Solved

Refer to the Following Figure for the Next Two Questions

Question 71

Multiple Choice

Refer to the following figure for the next two questions.
Refer to the following figure for the next two questions.    -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 PPF to shift inward. C)  the PPF to rotate outward to a larger maximum quantity of apple pies with no change in maximum blueberry pies. D)  the PPF to rotate outward to a larger maximum quantity of blueberry pies with no change in maximum apple pies. E)  the PPF to stay exactly the same because there is no change in resources.
-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 PPF to shift inward.
C) the PPF to rotate outward to a larger maximum quantity of apple pies with no change in maximum blueberry pies.
D) the PPF to rotate outward to a larger maximum quantity of blueberry pies with no change in maximum apple pies.
E) the PPF to stay exactly the same because there is no change in resources.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents