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An essay. Include diagrams, mathematical expressions and numerical examples to make your responses clear. Accuracy, thoroughness, clarity and conciseness will be considered in assessment of

An essay. Include diagrams, mathematical expressions and numerical examples to make your responses clear. Accuracy, thoroughness, clarity and conciseness will be considered in assessment of your responses.

Discuss the variety of ways in which technological change may affect the relative productivity of capital and labor, the capital or labor intensity of production methods and resulting relative shares of total output distributed to workers and capital owners.

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