This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose pigs (P) can be fed corn-based feed (C) or soybean-based feed (S) such that the production ... (Read 105 times)

jwb375

  • Hero Member
  • *****
  • Posts: 540
on: Jul 1, 2018
Suppose pigs (P) can be fed corn-based feed (C) or soybean-based feed (S) such that the production function is P = 2C + 5S. The expansion path depends
 a. on the price of corn-based feed only.
  b. on the price of soybean-based feed only.
  c. on neither the price of corn-based or soybean-based feed.
  d. on whether the price of corn-based feed is greater than or less than 2/5 the price of soybean-based feed.

Question 2

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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

rosiehomeworddo

  • Sr. Member
  • ****
  • Posts: 306
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

d


jwb375

  • Member
  • Posts: 540
Reply 2 on: Jul 1, 2018
Wow, this really help

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Results of selective breeding for oil content in corn plants. Results of selective breeding for oil content in corn plants.
Pap smear. Cells of the cervix (shown in the center) change in appearance as they progress through Pap smear. Cells of the cervix (shown in the center) change in appearance as they progress through
Freedom House is a nonprofit institution that uses several different factors to rank countries based Freedom House is a nonprofit institution that uses several different factors to rank countries based
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Production of ABO blood group antigens Production of ABO blood group antigens
Bbq shrimps, burgers and chicken with buttery corn Bbq shrimps, burgers and chicken with buttery corn
Video: Power Supply Polyacrylamide Gel Protein Sample

For a complete list of videos, visit our video library