In a joint product problem with products produced in fixed proportions, profit would be maximized where MR_A = MR_B = MC, provided that the total of MR_A and MR_B is positive.

Question

Quizplus · Accepted Answer

In a joint product problem with fixed proportions, profit is maximized when the combined marginal revenue (MR_A + MR_B) equals the marginal cost (MC), not when each individual marginal revenue equals the marginal cost.

In a Joint Product Problem with Products Produced in Fixed