The following notes do not profess to give a comprehensive survey of the problems of supply. Attention is concentrated on a few isolated points. The intricate questions connected with external and internal economies which have recently received important treatment by Professor Pigou (Economic Journal, June 1928) and by Mr. Shove (Economic Journal, March 1930) are not dealt with. This paper is propaedeutic rather than supplementary to those studies.
KeywordsDemand Curve Optimum Capacity Average Total Cost Normal Reward Normal Profit
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