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What is the minimum cost combination

Question:

Combinations Qty Corn Qty Potatoes

A 500 1650
B 550 1460
C 600 1280
D 650 1120
E 700 1060
F 750 1020

If the price of a pound of potatoes is half the price of a pound of corn and corn sells for P dollars per pound, what is the cost of each combination. What is the minimum cost combination?

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Prepared by a verified Expert

Microeconomics: What is the minimum cost combination

Reference No:- TGS01750551

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Microeconomics: What is the minimum cost combination

Reference No:- TGS01750551

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