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Health and Life Expectancy:
In addition to struggling on low income, many people in the developing nations fight a constant battle against malnutrition, disease and ill health. The average life expectancy in developing nations in 2003 was 57 years as compared to 74 years in developed nations. Infant mortality rate is approximately 73 (66 for Ghana). This compares poorly with 12 in developed nations. Medical care is an extremely scarce social service in many parts of the developing world.
Long-Run Versus Short-Run Cost Curves What happens to average costs when both the inputs are variable versus only having one input that is variable (short run)? The Inflexi
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