Assuming Mystic Herbals processes yielding two joint products: MH001 and MH003. Each of these joint products can be sold as is after the joint production process or processed further. The following table describes the yield of each joint product from one batch, the selling prices of the intermediate and further processed products, and the costs of further processing each joint product. The joint cost is $30,000. MH001 MH003 Number of ounces per batch 70 90 Cost of further processing $2,000 $1,100 Selling price of unprocessed intermediate product per ounce $ 65 $ 50 Selling price of final product after further processing per ounce $ 95 $ 62 Required: Demonstrate which of the joint products should be processed further and which should be sold without further processing, to maximize firm value. Answer: