Homework: Problem Set 4 Save Score: 0 of 1 pt 1 of 20 (18 complete) HW Score: 82.42%, 16.48 of 20 pts Exercise 11 i Question Help 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 L = CH0.80 N0.20 Beginning with a health input of $300 per year (H =3) and a nutrition input of $500 per year (N =5), show that the marginal product of health expenditures and the marginal product of nutrition expenditures are both decreasing. The change in the marginal product of health expenditures (MP ) is AMP H Life expectancy (L) AH and the change in the marginal product of nutrition expenditures (MP ) is AMPN AN Health expenditures (H) 10 Vi Vi More Enter your answer in the edit fields and then click Check Answer. ? 3 parts remaining Clear All Check