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Suppose the Production Function for Coffee (C)is C = Min(B,W),where

Question 36

Multiple Choice

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


A) depends on the price of beans only.
B) depends on the price of water only
C) depends on the price of neither beans nor water.
D) depends of the costs of both beans and water.

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