Suppose pigs p can be fed corn-based feed c or, Ask an Expert

Economics

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 $2 and the price of soybean feed is $6, what is the cost minimizing combination of producing P = 200?

a. C = 100

b. S = 40

c. C = 50, S = 20

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91403391

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