What is Joint Product Pricing

In microeconomics, joint product pricing is the firm's problem of choosing prices for joint products, 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 price elastic than consumers of the other.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Joint product pricing

Chapter 2: Monopoly

Chapter 3: Monopolistic competition

Chapter 4: Supply and demand

Chapter 5: Deadweight loss

Chapter 6: Economic surplus

Chapter 7: Price discrimination

Chapter 8: Elasticity (economics)

Chapter 9: Economic equilibrium

Chapter 10: Consumer choice

Chapter 11: Substitute good

Chapter 12: Substitution effect

Chapter 13: Allocative efficiency

Chapter 14: Overproduction

Chapter 15: Demand curve

Chapter 16: Tax incidence

Chapter 17: Pricing strategies

Chapter 18: Demand

Chapter 19: Supply (economics)

Chapter 20: Derived demand

Chapter 21: Margin (economics)

(II) Answering the public top questions about joint product pricing.

(III) Real world examples for the usage of joint product pricing in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Joint Product Pricing.