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 quantities of X and Y at which their marginal revenue becomes negative are Q_X = ______ and Q_Y = ______.
Now suppose the joint marginal cost becomes

Question

A firm produces two goods, X and Y, that are complements in production. One unit of the joint product, Q<sub>j</sub>, produces one unit of Q<sub>X</sub> and one unit of Q<sub>Y</sub> (similar to the Chem Tech problem in the text). The demands for X and Y are Q<sub>X</sub> = 150,000 -500P<sub>X</sub> and Q<sub>Y</sub> = 160,000 - 400P<sub>Y</sub>. The joint marginal cost function is MC<sub>j</sub> = 40 + 0.002Q<sub>j</sub>. -The quantities of X and Y at which their marginal revenue becomes negative are Q<sub>X</sub> = ______ and Q<sub>Y</sub> = ______. Now suppose the joint marginal cost becomes

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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 quantities of X and Y at which their marginal revenue becomes negative are Q_X = ______ and Q_Y = ______. Now suppose the joint marginal cost becomes

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