Business
Business, 14.06.2021 18:40, juliannabartra

Suppose life expectancy in years​ (L) is a function of two​ inputs, health expenditures​ (H) and nutrition expenditures​ (N) in hundreds of dollars per year. The production function is Upper L equals cH Superscript 0.40 Baseline Upper N Superscript 0.60L=cH0.40N0.60. Beginning with c​ = 1, a health input of ​$400400 per year ​(Hequals=44​) and a nutrition input of ​$400400 per year ​(Nequals=44​), show that the marginal product of health expenditures and the marginal product of nutrition expenditures are both decreasing. The marginal product of health expenditures when H goes from 44 to 55 is nothing​, and the marginal product of health when H goes from 66 to 77 is nothing. ​(Round your answers to three decimal​ places.)

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