Q3 A firm produces two goods X1 and X2. If the firm's total cost function is TC(X1, X2) = X + X - 3X1X2 + 4, find which combination of X1 and X2 will minimize the total cost of this firm.

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A: Profit is the difference between total revenue and total cost.  Total revenue is the product of…

Q: GST was first introduced in which country ?

A: GST was introduced in many countries to reduce the tax evasion.

Q: I also need help with C and D

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A: TVC is total variable cost in a cost structure of a model. Total variable cost is showing the…

Q: What does the total revenue represent?a

A: The income generated from normal commercial activities can be demarcated as revenue.

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A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

Q: How are the annual revenues and expenses estimated?

A: The annual revenue can be estimated by multiply the units of goods and services sold to the price…

Q: What is GST in Canada? How does it works? and it's Importance?

A: The Goods and Services Tax (GST) in Canada is a value-added tax introduced by the federal government…

Q: What about 2& 3?

A: In an economy, an individual will make his consumption decision based on his preferences and that…

Q: d C b a U 0 30 50 75 W 100

A: Step 1:I would rather win a gift card so I can get whatever I want; it would depend on the gift…

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A: Renting - Renting is the amount paid for using the property and this use can be for personal…

Q: allon) $2.20 $2.00 $1.80 $1.60 $1.40 $1.20 $1.00 D i. 300 400 500 600 700 800 Quantity of Gasoline…

A: Disclaimer :- since you asked multipart questions we are solving first 3 subparts as per given…

Q: IF DISTRIBUTORS GET 55 MILLION HOW VALUE CAPTURED IS 330 MILLION ?

A: When distributors receive 55 million, the value captured of 330 million can be understood through…

Q: What is land property

A: Land: It refers to the asset of the people. More land with the people shows that are rich. The less…

Q: How any coffee shop could be CSR?

A: Corporate social responsibility (CSR) refers to a kind of worldwide private corporate…

Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important…

A: There are many sub-parts of the question. As per honor code, we can only provide solution of first…

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A: Production possibility frontier is a graphical representation that shows different possible outcomes…

Q: Typed plz and asap I want quality solution take care of plagiarism

A: The objective of this question is to understand how to calculate the inflation rate, which is a…

Q: where did 118.8 come from?

A: There is a slight mistake in the solution as per the solution given by the expert

Q: how did u get 0.92Y in the brackets ?

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A: A strategy is said to be dominating when choosing it provides better payoffs independent of the…

Q: Which type of graph will be suitable for representing the above sales revenue by regions

A: Bar Chart is generally used to compare the data set on multiple parameters. As the data given covers…