The problem states that goats (G) can be fed corn-based feed (C) or soybean-based feed (S). The production function is given by $G = 2C + 5S$. The price of corn feed is $4 and the price of soybean feed is $5. We need to find the cost-minimizing feed combination that produces $G = 200$.
2025/7/1
1. Problem Description
The problem states that goats (G) can be fed corn-based feed (C) or soybean-based feed (S). The production function is given by . The price of corn feed is
5. We need to find the cost-minimizing feed combination that produces $G = 200$.
2. Solution Steps
First, we are given the production function:
We are given that . Therefore, we have:
We want to minimize the cost, which is given by:
We can solve the production function for either C or S. Let's solve for C:
Now, substitute this expression for C into the cost function:
To minimize the cost, we want to maximize S. Since , must be non-negative. Therefore, , which implies , or .
If , then .
In this case, the cost is .
Now consider option b, , . We have , which is not equal to
2
0
0. So, option b is not feasible.
Also the cost would be .
Next consider option d, , . We have . The cost is .
Now consider option a, . In this case , so , and the cost is .
Comparing the costs of the feasible options, yields the lowest cost of
2
0
0. The options do not include $C=0$. Of the remaining options, we want to minimize $4C + 5S$ subject to the constraint $2C + 5S = 200$.
In option c, implies or , so . But this is not an option.
Option b is not feasible since .
For option d, the cost is .
For option a, if , then so and .
In option c which means , so G=
2
0
0. Cost $= 200$. However, the question asks what is the cost-minimizing *feed combination*, and option c only gives $S$.
From and the cost equation, we know that we want to increase to minimize cost. Thus we try , which implies , which matches option d. The cost is
3
0
0.
3. Final Answer
d. C = 50, S = 20