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If Labor and Capital Are Complements in Production,additions to Capital

question 7

True/False

If labor and capital are complements in production,additions to capital will increase both the total and marginal products of labor.


Definitions:

Alternative Hypothesis

The hypothesis that there is a significant difference between specified populations, any observed difference being due to sampling or experimental error.

Confidence Interval

A range of values that is likely to contain a population parameter with a certain level of confidence.

Null Hypothesis

A default hypothesis that there is no effect or no difference, and the observed outcomes are due to chance; it is the hypothesis tested for possible rejection in statistical analysis.

Hypothesized Value

A specified value in hypothesis testing which is assumed for the sake of argument or investigation.

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