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Suppose Pigs (P)can Be Fed Corn-Based Feed (C)or Soybean-Based Feed

Question 17

Multiple Choice

Suppose pigs (P) can be fed corn-based feed (C) or soybean-based feed (S) such that the production function is P = 2C + 5S.If the price of corn feed is $4 and the price of soybean feed is $5,what is the cost-minimizing feed combination producing P = 200?


A) C = 100
B) S = 40
C) C = 50,S = 20
D) C = 20,S = 50

Correct Answer:

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