The product of two univariate generating functions is simply given by the Cauchy product.
$$ A(x) = \sum_{n=0} a_n x^n $$ $$ B(x) = \sum_{n=0} b_n x^n $$
$$ A(x)B(x) = C(x) = \sum_{n=0} x^n c_n $$ with $c_n = \sum_{k=0}^n a_k b_{n-k}$.
What is the resulting generating function for the bivariate case?
$$ A(x,y) = \sum_{n=0}\sum_{m=0} a_{nm} x^n y^m $$ $$ B(x,y) = \sum_{n=0}\sum_{m=0} b_{nm} x^n y^m $$
$$ A(x,y)B(x,y) = C(x,y) = \sum_{n=0}\sum_{m=0} x^n y^m c_{nm} $$ What is $c_{nm}$, and how does this generalize to multivariate generating functions?