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Vitek1552 [10]
3 years ago
12

A production possibilities frontier can shift outward if

Business
1 answer:
Veronika [31]3 years ago
3 0

Answer:

A production possibility frontier (PPF) illustrates the combinations of output of two products that a country can supply using all of their available factor inputs in an efficient way. One way the PPF can shift outwards is if there is an increase in the active labour supply

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It is observed  that the value of test statistics (19.168) is greater than the critical value (13.277), thus the rejected hypothesis, H₀ at α = 0.01.

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Solution

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