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Equilibrium in Various Market Situations

  • Patricia M. Hillebrandt

Abstract

It was shown at the beginning of Chapter 9 how the costs of the individual large contract obtained at a single point in time but with work spread over a long period are relevant to the usual cost curves of economic analysis which represent the answer to the question: If the output of the firm were higher or lower than a given level, what would be the effect on costs? The remainder of the chapter was devoted to a detailed consideration of this question.

Keywords

Construction Industry Demand Curve Cost Curve Supply Curve Market Situation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Patricia M. Hillebrandt 1974

Authors and Affiliations

  • Patricia M. Hillebrandt

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