If a Technological Change Occurs Such That the Production Function

question 45

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:

Aging Parents

The phase in an individual's and their parents' lives where the parents undergo the natural process of aging, often requiring more care and support.

Chromosomal Abnormalities

Changes in the structure or number of chromosomes in a cell, which can lead to a variety of genetic disorders or physical abnormalities.

Pregnant Women

Females in the state of carrying a developing fetus within their body, typically lasting around 40 weeks from the last menstrual period to childbirth.

Parents

The primary caregivers of a child, responsible for providing support, love, and guidance in the development of a child into adulthood.