Green Valley Products (GVP) produces two goods, X and Y, jointly, in fixed proportion. For every unit of X that the firm produces it also produces one unit of Y

4. Green Valley Products (GVP) produces two goods, X and Y, jointly, in fixed proportion. For every unit of X that the firm produces it also produces one unit of Y (whether it wants to or not). The joint marginal cost function is MC-2Q where Q, is the joint product The demands for X and Y are Qx = 90-Px and QY-60-2Py respectively. Use this information to find profit maximizing prices and output, and profits Output = Price ot.X S Price of Y-S Two examples of joint products are and or and