What will producer do to remain at same level of output

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Reference no: EM13739963

Assume a local producer of beef cattle wishes to remain at the same level of output when the input cost of corn increases but the substitute input milo does not increase, what will the producer do to remain at the same level of output?

The producer will become more profitable by selling corn

The producer must shift out of the more expensive input, corn, and use more of the less expensive input, Milo

The producer must shift out of the less expensive input, milo, and use more of the more expensive input, corn

The producer must shut down

Reference no: EM13739963

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