Key to Problems in Principles of Economics
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In our eReader you can find the full English version of the book. Read Key to Problems in Principles of Economics Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Key to Problems in Principles of Economics
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But it is in the highest degree unlikely that these newly opened levels are limited in output to a few pounds or a few tons. In- stead, they probably will yield thousands of tons at substantially the same marginal cost. But, if so, copper mining is at this stage a con- stant-cost industry.
Problem 3 (i) Any one car could usually hold some more people.
(2) Any one locomotive could usually pull a given train even if more cars were added.
(3) The same track would usually be alile to carry not a fe...w more trains.
(4) The terminal facilities could usually supply more service without any increase in equipment or working force.
Doubtless times will come when the most expensive parts of the plant have been utilized to their limit and must be replaced on a large- scale. In that case the railway will, for the time being, probably have reached the stage of increasing cost. P>ut just as soon as the new equip- ment has been introduced, said railway will be once more in the stage of diminishing cost.
What to read after Key to Problems in Principles of Economics?
You can find similar books in the "Read Also" column, or choose other free books by F M Fred Manville Taylor to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
But it is in the highest degree unlikely that these newly opened levels are limited in output to a few pounds or a few tons. In- stead, they probably will yield thousands of tons at substantially the same marginal cost. But, if so, copper mining is at this stage a con- stant-cost industry.
Problem 3 (i) Any one car could usually hold some more people.
(2) Any one locomotive could usually pull a given train even if more cars were added.
(3) The same track would usually be alile to carry not a fe...w more trains.
(4) The terminal facilities could usually supply more service without any increase in equipment or working force.
Doubtless times will come when the most expensive parts of the plant have been utilized to their limit and must be replaced on a large- scale. In that case the railway will, for the time being, probably have reached the stage of increasing cost. P>ut just as soon as the new equip- ment has been introduced, said railway will be once more in the stage of diminishing cost.
What to read after Key to Problems in Principles of Economics?
You can find similar books in the "Read Also" column, or choose other free books by F M Fred Manville Taylor to read onlineMoreLess
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