Suppose the Production Function for Coffee (C)is C = Min(B,W),where

question 18

Multiple Choice

Suppose the production function for coffee (C) is C = min(B,W) ,where B = beans in pounds and W = water in gallons. Suppose the price of water is $.10 per gallon and the price of beans is $10 per pound.The cost minimizing combination of beans and water for C = 200 is

• A)B = 200,W = 2000
• B)B = 2000,W = 200
• C)B = 100,W = 100
• D)B = 200,W = 200

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