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How many units of the joint product should the firm produce

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Reference no: EM132265810

1) A firm is producing two products, X and Y, in fixed proportions (one unit of X for each unit of Y).  The firm's total cost and demand functions are as follows:

TC = 100 + 6Q  +Q2

Px= 200 - Qx

Py= 150 - 2Qy

a. Given this information, how many units of the joint product should the firm produce? Show your work.

b. Given this information, how many units of the product Y should the firm throw away? Show your work.

Reference no: EM132265810

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