scenarios:
isiness has been in the same location for 5 years but has outgrown their current space. they can
sell the land and building for $5,000,000 but they still owe the bank $1,500,000. they have found a
property that is 40% larger than their current property for $8,000,000 and this property would allow
them to increase production where they would earn $6,000,000 more in revenue each year compared
to where they are now. what would be the costs and benefits of disposing of their current property
and purchasing and using the new property?

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.)