INPUT AS RELATED TO OUTPUT 
29 
COST OF BEEF WITH CORN AT 60 CENTS PER BUSHEL 
AND 
HAY AT 10 DOLLARS PER TON 
Fig. 12. — Corn is even higher relative to hay than in Figures 10 or 11. The point 
of least cost has shifted to a daily input of 20 pounds of hay and 15 pounds of 
corn 
COST OF BEEF WITH CORN AT 50 CENTS PER BUSHEL 
AND 
HAY AT 14 DOLLARS PER TON 
Fig. 13. — When hay is expensive relative to corn, it pays to feed less hay. At the 
prices given, gain at least cost results from combining a daily input of 20 pounds 
of grain, with but 12 pounds of hay. Compare with Figure 11, where corn is the 
same price, but hay cheaper 
