Consider the following. P = −0.1s3 + 6s2 + 400   Find the point of diminishing returns. (s, P) =

27 then x-2/3 4 #31. If x = = (?) %3D 6.

−3.1x+7−7.4x=1.5x+6(x−32)

P₁ = 2,754 0.55D; 2.52C; +252G; + 576PE; + 1,750F; (0.12) (1.1) (135) (200) (450) P₁ = Annual employee health insurance contribution, in real $ D₁ = Annual plan deductible, in real $ C₁ = Copayment amount for outpatient care visit, in real $ G₁ = Gender of employee (G₂ = 1 if female) PE₁ = Dummy for pre-existing condition (PE; = 1 if yes) F₁ = Dummy for family plan (F; = 1 if yes) Use the information above to answer the following question: Interpret the meaning of the estimated coefficient on D₂ where: O The coefficient tells us that increasing the plan's deductible by $1 leads to a reduction in premiums of $55, all else held constant. O The coefficient tells us that increasing the plan's deductible by $1 leads to a reduction in premiums of $2.52, all else held constant. The coefficient tells us that increasing the plan's deductible by $1 leads to a reduction in premiums of $0.55, all else held constant. O The coefficient tells us that increasing the plan's deductible by $1 leads to a…