Karl Kady, the controller of a nation-wide manufacturing company is considering closing a plant in Texas. The plant manufactures containers for their products. All of the following would be relevant except Question 16 options: Costs to buy containers externally Costs paid for material on hand Opportunity cost of alternative uses for the plant All of the above are relevant

Why is efficiency an important economic goal?

Principals are an administration career

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.)