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

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
D) All points on the isoquant would cost the same, Q = 200.

Correct Answer:

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