Joint product explained

In economics, joint product is a product that results jointly with other products from processing a common input; this common process is also called joint production.[1] A joint product can be the output of a process with fixed or variable proportions.

Examples

See also

Notes and References

  1. Wouters, Mark; Selto, Frank H.; Hilton, Ronald W.; Maher, Michael W. (2012): Cost Management: Strategies for Business Decisions, International Edition, Berkshire (UK), p. 532.