Multiple Choice
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
Correct Answer:
Verified
Correct Answer:
Verified
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