Course Presentation of the Joint-Products Problem with Costs Associated with Dumping

Autor/inn/en	Borland, Melvin V.; Howsen, Roy M.
Titel	Course Presentation of the Joint-Products Problem with Costs Associated with Dumping
Quelle	In: Journal of Economic Education, 40 (2009) 3, S.272-276 (5 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-0485
Schlagwörter	Economics Education; Course Content; Costs; Mathematical Formulas; Textbook Content + Suchen Sie Ihr Suchwort? Wirtschaftskunde; Kursprogramm; Cost; Kosten; Mathematische Formel; Lehrbuchtext
Abstract	The typical profit-maximization solution for the joint-production problem found in intermediate texts, managerial texts, and other texts concerned with optimal pricing is oversimplified and inconsistent with profit maximization, unless there is either no excess of any of the joint products or no costs associated with dumping. However, it is an inappropriate method of solution where excess does exist and the costs of dumping are explicitly recognized and, with respect to such cases, is at least nongeneral. The authors present a more realistic alternative method of solution, although more complex, as a substitute for the textbook method of solution typically offered. (Contains 1 table and 5 notes.) (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10