A Firm Is Producing a Joint Product, Product a and Product

question 72

Multiple Choice

A firm is producing a joint product, Product A and Product B, with variable proportions. At its current production levels, the marginal benefit of producing Product A is $10 and the marginal cost is $8 and the marginal benefit of producing Product B is $2 and the marginal cost is $6. To maximize profits, the managers of the firm should produce ______of Product A and ______of Product B.

• A)more; less
• B)less; more
• C)less; less
• D)more; more

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