Question: QUESTION 3 6 Corn and milo are perfect substitutes in a feed ration for chickens. The same energy is provided by either 1 l b

QUESTION 36
Corn and milo are perfect substitutes in a feed ration for chickens. The same energy is provided by either 1lb of corn or 1.5lb of milo. If the price of corn is $0.10 per lb while the price of milo is $0.08 per lb, the cost-minimizing producer would:
a. Use half corn, half milo
b. Use all milo
c. Use 60% corn and 40% milo
d. Use all corn
 QUESTION 36 Corn and milo are perfect substitutes in a feed

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