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8.5uppose that, prior to a technological change (innovation) in an industry, at existing factor prices, it takes 30 units of capital and 100 units of

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8.5uppose that, prior to a technological change (innovation) in an industry, at existing factor prices, it takes 30 units of capital and 100 units of labor to produce 500 units of good X. (Assume that capital and labor are the only two factors of production.) After the innovation, it takes 25 units of capital and 50 units of labor to produce 500 units of good X (at the same factors of production.) After the innovation, it takes 25 units of capital and 50 units of labor to produce 500 units of good X (at the same factor prices as before the innovation). In this situation, the technological change would be classied as a _ technological change. Multiple Choice -capital-saving and labor-saving -labor-saving -capital-saving -neutra|

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