A firm produces two goods, X and Y, that are complements in production. One unit of the joint product, Q_j, produces one unit of Q_X and one unit of Q_Y (similar to the Chem Tech problem in the text). The demands for X and Y are Q_X = 150,000 -500P_X and Q_Y = 160,000 - 400P_Y. The joint marginal cost function is MC_j = 40 + 0.002Q_j.
-The profit-maximizing level of the joint product is ______. The profit maximizing prices are P_X = $______ and P_Y = $______.

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The Answer of A firm produces two goods, X and Y, that are complements in production. One unit of the joint product, Q j , produces one unit of Q X and one unit of Q Y (similar to the Chem Tech problem in the text). The demands for X and Y are Q X = 150,000 -500P X and Q Y = 160,000 - 400P Y . The joint marginal cost function is MC j = 40 + 0.002Q j . -The profit-maximizing level of the joint product is ______. The profit maximizing prices are P_X = $______ and P_Y = $______.

A Firm Produces Two Goods, X and Y, That Are