If a Technological Change Occurs Such That the Production Function

question 118

Multiple Choice

If a technological change occurs such that the production function shifts from q = 10K^0.5 L^0.5 to q = 10.5K^0.3 L^0.5,then the technological change is

• A) both neutral and non-neutral.
• B) neutral.
• C) non-neutral.
• D) Not enough information given.

Evaluate the effectiveness of new programs or strategies based on statistical analysis.

Understand how to test for changes in proportions, such as obesity rates or commuting preferences.

Determine the power of a test and interpret its significance in hypothesis testing.

Apply assumptions and conditions for hypothesis testing to ensure the validity of test results.

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Definitions:

Recessive

A genetic trait that is expressed in an organism's phenotype only when two copies of the gene are present, as opposed to dominant traits, which require only one copy.

Anemia

A condition characterized by a deficiency of red blood cells or hemoglobin in the blood, leading to fatigue and weakness.

Alleles

Variations of a gene that occur at the same place on a chromosome, responsible for the diversity in genotype and phenotype among organisms.

Defective

Refers to something that is flawed or lacking in functionality.