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.

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Definitions:

Deindividuation

A concept in social psychology that describes how people in groups can lose their sense of individual identity, often leading to uncharacteristic behaviors.

Transactive Memory

A mechanism through which groups collectively encode, store, and retrieve knowledge, enabling them to remember more together than alone.

Groups

Groups consist of two or more individuals interacting and working together towards common goals or sharing common interests.

Ineffective

Lacking the ability or qualities to produce the intended effect.