Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Joint Product Pricing

Updated on 2023-08-29T11:58:24.916948Z

A micro-economics theory, joint product pricing is a complex method. There are two demand curves and both products share a common marginal cost curve as they are produced jointly. This is when microeconomic marginal analysis comes into limelight.