If Technological Change Is "Neutral," Then

question 54

Multiple Choice

If technological change is "neutral," then

• A)output per worker declines,output per unit of capital increases.
• B)"effective labor input" increases,output per unit of capital declines.
• C)output per worker increases,output per unit of capital is constant.
• D)Both output per worker and output per unit of capital change.

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Definitions:

Directing

The managerial process of influencing people's behavior to achieve organizational goals.

Estimated Manufacturing Costs

The projected or forecasted costs associated with the production of goods, including estimates for materials, labor, and overhead before the actual production takes place.

Production Levels

The amount of output or goods a company produces within a specific period, indicating the scale of its production operations.

Units Per Month

The quantity of products or services that a company produces or sells in a month.