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.
September 3, 2020
Typically, services like Kibernum’s are developed and executed locally, with the client’s needs in mind.
September 3, 2020

Suppose that in an hour an American worker can produce 100 shirts or 20 computers, while a Chinese worker can produce 100 shirts or 10 computers. If each country has 4 hours available, (put shirts on horizontal axis). Suppose that without trade the labor in each country spend half their time producing each good. Identify this point on your graph

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