adenn9958 adenn9958

22-06-2018
Biology

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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

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pguillermo pguillermo

01-07-2018

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.

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