Suppose the production function for coffee c is c minbw, Ask an Expert

Economics

Suppose the production function for coffee (C) is C = min(B,W) where B = beans in pounds and W = water in gallons and the price of water is $.10 per gallon and the price of beans is $10 per pound. The expansion path is

a. B = 10W

b. B = .1W

c. B = W

d. -10 = B + W

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91403388

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