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 151 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
Gracias!

chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Polar bears feed upon a number of marine mammals. They are currently at the centre of international Polar bears feed upon a number of marine mammals. They are currently at the centre of international
Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
GMO Corn GMO Corn
Production-scale tangential flow filtration system. Production-scale tangential flow filtration system.
The Production Function The Production Function
Irene Manufacturing uses a predetermined overhead allocation rate based on a percentage of ... Irene Manufacturing uses a predetermined overhead allocation rate based on a percentage of ...
Video: Graded potentials - electrical characteristics and types

For a complete list of videos, visit our video library