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A country produces two goods: batteries and juice boxes. If this country experiences a technology improvement that affects the production of batteries but not juice
A country produces two goods: batteries and juice boxes. If this country experiences a technology improvement that affects the production of batteries but not juice boxes, how would this affect the production possibilities frontier (PPF). You can assume thatbatteries are represented on the x-axisof the PPF andjuice boxes are represented on the y-axisof the PPF.
- The x-intercept of the PPF decreases and the y-intercept of the PPF remains constant
- Both the x-intercept and y-intercept of the PPF increase
- Both the x-intercept and y-intercept of the PPF decrease
- The x-intercept of the PPF remains constantand the y-intercept of the PPF decreases
- The x-intercept of the PPF remains constant and the y-intercept of the PPF increases
- The x-intercept of the PPF increases and the y-intercept of the PPF remains constant
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