Equilibrium in Various Market Situations

Patricia M. Hillebrandt

Chapter 11 in Economic Theory and the Construction Industry, 1974, pp 134-148 from Palgrave Macmillan

Abstract: 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 (search for similar items in EconPapers)
Date: 1974
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DOI: 10.1007/978-1-349-01927-4_11

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