A firm produces two products, r and s, and the production process is such that one unit of r is always obtained with one unit of s. The demand curves for r and s are estimated to be:
Q_r = 75 - P_r
Q_s = 100 - .5P_s
and the marginal cost of production is MC = 75 + 4Q_j, where Q_j consists of one unit of each product.
a. How much of product r and product s should the firm sell to maximize profits?
b. At what price should these products sell?

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The Answer of A firm produces two products, r and s, and the production process is such that one unit of r is always obtained with one unit of s. The demand curves for r and s are estimated to be: Q_r = 75 - P_r Q_s = 100 - .5P_s and the marginal cost of production is MC = 75 + 4Q_j, where Q_j consists of one unit of each product. a. How much of product r and product s should the firm sell to maximize profits? b. At what price should these products sell?

A Firm Produces Two Products, R and S, and the Production