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Normal Inputs and Joint Production with Allocatable Fixed Factors
Author(s) -
Moschini Giancarlo
Publication year - 1989
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1242678
Subject(s) - economics , production (economics) , joint (building) , marginal cost , econometrics , monetary economics , microeconomics , architectural engineering , engineering
When jointness is caused by allocatable fixed factors, in the normal case the marginal cost of any output increases as any other output increases, the supply of any output decreases as any other output price increases, and an input price increase may cause the supply of some outputs to increase.