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 corn feed is on the horizontal axis,and the price of soybean feed is $5 and soybean feed lies on the vertical axis,what is expansion path?
A)C =5S/2
B)S =2C/5
C)the horizontal axis
D)the vertical axis

Question

Quizplus · Accepted Answer

The Answer of 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 corn feed is on the horizontal axis,and the price of soybean feed is $5 and soybean feed lies on the vertical axis,what is expansion path?
A)C =5S/2
B)S =2C/5
C)the horizontal axis
D)the vertical axis

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