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Simple Math question. A firm has total cost function TC = 2x^2 + 3y^2 -3xy -3x +30. Find the optimum bundle of x and y that will minimize the cost.
Simple Math question.
A firm has total cost function TC = 2x^2 + 3y^2 -3xy -3x +30. Find the optimum bundle of x and y that will minimize the cost. (Use cramer's rule)
A firm has total cost function TC = 2x^2 + 3y^2 -3xy -3x +30. Find the optimum bundle of x and ythat will minimize the cost. (Use cramer's rule)We take first derivatives wrt x and y and equate to...