Ask Question
1 October, 12:59

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

+4
Answers (1)
  1. 1 October, 13:15
    0
    Based on this assumption, the production function is:

    L = f (H, N)

    This means that Life expectancy is dependent on (H) Health expenditures and (N) Nutrition expenditures.

    In microeconomics, this function creates a correlation between increased health spending and good nutrition on increased life expectancy.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose life expectancy in years (l) is a function of two inputs, health expenditures (h) and nutrition expenditures (n) in hundreds of ...” in 📗 Biology if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers