The Consumption Goods Industry

Harland Wm. Whitmore

Chapter 7 in The World Economy, Population Growth, and the Global Ecosystem, 2007, pp 97-116 from Palgrave Macmillan

Abstract: Abstract At the beginning of the current period, the consumer goods industry holds an initial stock of physical capital, KCt. Let K C d (t+1) represent the industry’s desired stock of physical capital for the end of the current period, which is determined in accordance with its objective to maximize the present value of its operations.

Keywords: Marginal Cost; Consumer Good; Physical Capital; Current Period; Nonrenewable Resource (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-60730-9_7

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DOI: 10.1057/9780230607309_7

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