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A firm is producing two products, X and Y, in fixed proportions (one unit of X...

  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

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