Conclusions on Costs, Revenue and the Equilibrium of the Contracting Firm

Patricia M. Hillebrandt

Chapter 15 in Economic Theory and the Construction Industry, 2000, pp 173-180 from Palgrave Macmillan

Abstract: Abstract Having completed a study of the costs of the firm and the industry (Chapters 10, 11 and 14) and of the demand facing the firm (Chapters 12–14) and the industry (Chapter 4–8), it is appropriate first to summarise the main findings and then to combine them, and to draw some conclusions on the equilibrium position of the firm on the two main assumptions of the objectives of the firm, namely profit maximisation and maximisation of turnover with a profit constraint (Chapter 9).

Keywords: Marginal Cost; Demand Curve; Cost Curve; Marginal Revenue; Monopoly Power (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_15

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DOI: 10.1057/9780230372481_15

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