Able, on behalf of pix corp., entered into a contract with sky corp., by which sky agreed to sell computer equipment to pix. able disclosed to sky that she was acting on behalf of pix. however, able had exceeded her actual authority by entering into the contract with sky. if pix wishes to ratify the contract with sky, which of the following statements is correct? a. pix must notify sky that pix intends to ratify the contract. b. able must have acted reasonably and in pix’s best interest. c. able must be a general agent of pix. d. pix must have knowledge of all material facts relating

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.)