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Joint product pricing

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22: 195: 138:, which are two or more products produced from the same process or operation, each considered to be of value. Pricing for joint products is more complex than pricing for a single product. To begin with, there are two demand curves. The characteristics of each could be different. Demand for one product could be greater than for the other. Consumers of one product could be more 145:
To complicate things further, both products, because they are produced jointly, share a common marginal cost curve. There are also complexities in the production function. Their production could be linked in the sense that they are bi-products (referred to as
173: 94: 66: 43: 73: 255: 236: 80: 113: 51: 62: 47: 139: 154:). Further, production of the joint product could be in fixed proportions or in variable proportions. 87: 32: 229: 36: 210: 142:
than consumers of the other (and therefore more sensitive to changes in the product's price).
8: 222: 260: 206: 150:) or in the sense that they can be produced by the same inputs (referred to as 127: 249: 183: 135: 178: 202: 163: 21: 168: 194: 247: 230: 134:is the firm's problem of choosing prices for 50:. Unsourced material may be challenged and 237: 223: 114:Learn how and when to remove this message 248: 189: 48:adding citations to reliable sources 15: 13: 14: 272: 193: 20: 174:Production, costs, and pricing 1: 209:. You can help Knowledge by 7: 256:Economics and finance stubs 157: 10: 277: 188: 152:substitutes in production 148:complements in production 63:"Joint product pricing" 205:-related article is a 132:joint product pricing 44:improve this article 218: 217: 124: 123: 116: 98: 268: 239: 232: 225: 197: 190: 119: 112: 108: 105: 99: 97: 56: 24: 16: 276: 275: 271: 270: 269: 267: 266: 265: 246: 245: 244: 243: 160: 120: 109: 103: 100: 57: 55: 41: 25: 12: 11: 5: 274: 264: 263: 258: 242: 241: 234: 227: 219: 216: 215: 198: 187: 186: 181: 176: 171: 166: 159: 156: 136:joint products 128:microeconomics 122: 121: 28: 26: 19: 9: 6: 4: 3: 2: 273: 262: 259: 257: 254: 253: 251: 240: 235: 233: 228: 226: 221: 220: 214: 212: 208: 204: 199: 196: 192: 191: 185: 184:Carnot method 182: 180: 177: 175: 172: 170: 167: 165: 162: 161: 155: 153: 149: 143: 141: 140:price elastic 137: 133: 129: 118: 115: 107: 104:December 2009 96: 93: 89: 86: 82: 79: 75: 72: 68: 65: –  64: 60: 59:Find sources: 53: 49: 45: 39: 38: 34: 29:This article 27: 23: 18: 17: 211:expanding it 200: 179:Cogeneration 151: 147: 144: 131: 125: 110: 101: 91: 84: 77: 70: 58: 42:Please help 30: 250:Categories 74:newspapers 203:economics 164:Marketing 31:does not 158:See also 261:Pricing 169:Pricing 88:scholar 52:removed 37:sources 90:  83:  76:  69:  61:  201:This 95:JSTOR 81:books 207:stub 67:news 35:any 33:cite 126:In 46:by 252:: 238:e 231:t 224:v 213:. 130:, 117:) 111:( 106:) 102:( 92:· 85:· 78:· 71:· 54:. 40:.

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"Joint product pricing"
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microeconomics
joint products
price elastic
Marketing
Pricing
Production, costs, and pricing
Cogeneration
Carnot method
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economics
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expanding it
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Categories
Economics and finance stubs

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