Technological Change

question 264

Multiple Choice

Technological change

• A) usually requires an investment in a new plant.
• B) is implemented in the short run.
• C) almost always increases the costs of production.
• D) almost always increases the variable costs of production.
• E) cannot help a firm to earn an economic profit in either the short run or the long run.

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Definitions:

Bootstrap Interval

A type of statistical interval estimate used to estimate the distribution of a statistic by resampling with replacement from the data.

BCa Interval

Bias-Corrected and accelerated interval, a type of confidence interval used in statistics to provide a range that is likely to contain the true population parameter, accounting for bias and skewness in the bootstrap distribution.

Bootstrap Distribution

A method in statistics for estimating the sampling distribution of an estimator by resampling with replacement from the original sample.

Bootstrap Confidence Interval

A type of confidence interval calculated by resampling a dataset with replacement and estimating the desired statistic multiple times.