Question: Suppose pigs ( P ) can be fed corn-based feed ( C ) or soybean-based feed ( S ) such that the production function is

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 $2 and the price of soybean feed is $6, what is the cost-minimizing fee combination producing P = 200?

C = 100

S = 40

C = 50, S = 20

All points on the P = 200 isoquant would cost the same.

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