Supply And Demand
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In our eReader you can find the full English version of the book. Read Supply And Demand 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 Supply And Demand
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_The Various Aspects of Marginal Cost_. This relation cuts muchdeeper than the particular system under which the mines are at presentowned and worked. If, for instance, we supposed that the variousmines were amalgamated together in a few giant concerns, each of whichcomprised some of the richer and some of the poorer mines, thepreceding argument would need to be recast in form, but its substancewould be unaffected. For though a great coal trust could in a sense_afford_ to sell at a price lower ...than the marginal cost, setting itslosses on the poorer against its gains on the better pits, is itlikely it would do so? Why should it dissipate its profits in thisway? It is clearly more reasonable to suppose that it would close downthe poorer pits (unless it could advance the price of coal), andthereby maintain its profits at a higher figure. If, indeed, themines were nationalized the deliberate policy might be pursued ofselling coal at a price which left the industry no more thanself-supporting as a whole.
What to read after Supply And Demand?
You can find similar books in the "Read Also" column, or choose other free books by Henderson Hubert D. to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
_The Various Aspects of Marginal Cost_. This relation cuts muchdeeper than the particular system under which the mines are at presentowned and worked. If, for instance, we supposed that the variousmines were amalgamated together in a few giant concerns, each of whichcomprised some of the richer and some of the poorer mines, thepreceding argument would need to be recast in form, but its substancewould be unaffected. For though a great coal trust could in a sense_afford_ to sell at a price lower ...than the marginal cost, setting itslosses on the poorer against its gains on the better pits, is itlikely it would do so? Why should it dissipate its profits in thisway? It is clearly more reasonable to suppose that it would close downthe poorer pits (unless it could advance the price of coal), andthereby maintain its profits at a higher figure. If, indeed, themines were nationalized the deliberate policy might be pursued ofselling coal at a price which left the industry no more thanself-supporting as a whole.
What to read after Supply And Demand?
You can find similar books in the "Read Also" column, or choose other free books by Henderson Hubert D. to read onlineMoreLess
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