Equilibrium in Various Market Situations

Patricia M. Hillebrandt

Chapter 12 in Economic Theory and the Construction Industry, 2000, pp 132-145 from Palgrave Macmillan

Abstract: Abstract It was shown at the beginning of Chapter 10 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: Demand Curve; Average Cost; Cost Curve; Supply Curve; Market Situation (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37248-1_12

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DOI: 10.1057/9780230372481_12

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