Joint Products in Production: Optimal Pricing and Output

This video shows how to solve problems when a firm's products are interrelated in production. For example, producing baseball bats also produces a by-product, like wood chips that can be sold. A firm that processes beef from cattle will also produce hides that can be sold. A by-product of natural gas production is sulfur, a joint product.

[@shyruti]

You've the best economics channel. All my little doubts which Google doesn't pick up gets solved by you. Grateful!

[@thenikolas1999]

It's just beautiful how for the past 2 semesters your uploads have been following my courses hahaha Great upload once again!

[@tutuabeyrathna3195]

short and sweet . Thank you so much.

[@poornimathennakoon2940]

Superb...well understood

[@prabpharm07]

What if the marginal cost of both products is different?