People of a Techno-Optimistic Disposition Fear the Consequences of Technological

question 8

True/False

People of a techno-optimistic disposition fear the consequences of technological innovation.

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Definitions:

Commercial Use

The use of products, services, or information for business purposes or financial gain, as opposed to personal or educational use.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a resource, such as labor or capital, holding all other input factors constant, crucial in determining how many resources a firm should hire or use.

Productivity

A measure of the efficiency of production, usually calculated as the ratio of output produced to inputs used.

Marginal Revenue Product

is the additional revenue generated by employing one more unit of input, such as labor or capital, in the production process.