Eb10.
lo 2.3this cost data from hickory furniture is for the year 2017.

using the high-low method, express the factory utility expenses as an equation where x represents number of chairs produced.
predict the utility costs if 900 chairs are produced.
predict the utility costs if 750 chairs are produced.
using excel, create a scatter graph of the cost data and explain the relationship between number of chairs processed and utility expenses.

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.)