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Equilibrium in Various Market Situations

In: Economic Theory and the Construction Industry

Author

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  • Patricia M. Hillebrandt

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.

Suggested Citation

  • Patricia M. Hillebrandt, 2000. "Equilibrium in Various Market Situations," Palgrave Macmillan Books, in: Economic Theory and the Construction Industry, edition 0, chapter 12, pages 132-145, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37248-1_12
    DOI: 10.1057/9780230372481_12
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