Fabrikorganisation, Fabrikbuchführung und Selbstkostenberechnung der Firma Ludw. Loewe & Co. Actiengesellschaft, Berlin

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Identifikator:: 876375174

URN:: urn:nbn:de:zbw-retromon-1989

Document type:: Monograph

Author:: Lilienthal, Johann

Title:: Fabrikorganisation, Fabrikbuchführung und Selbstkostenberechnung der Firma Ludw. Loewe & Co. Actiengesellschaft, Berlin

Place of publication:: Berlin

Publisher:: Verlag von Julius Springer

Year of publication:: 1907

Scope:: 1 Online-Ressource (XI, 220 Seiten)

Digitisation:: 2017

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

SUPPLY AND DEMAND 85 render the functioning of the industry as a whole not merely more economical but more economical to such an extent that the new marginal cost of a business would be beneath its old marginal cost. To admit this qualification is simply to admit that industries may be subject to increasing returns. The significance of the theory of supply as thus refined may have already dawned upon the reader. It involves us, as it now stands, in the conclusion that by the supply price of a given output of an industry we ought logically to mean in highly abstract theory the marginal expense entailed in the several businesses of the industry when such an output is aimed at. Of course this marginal expense comes to the same thing as the cost of the marginal firm per unit of output under the assumed conditions. This follows as a corollary from the above reasoning. Our new view results from a thorough and unre served application of the marginal method to supply. My marginal demand and the mar ginal demand of every other purchaser equally settle price on the side of demand, according to finished theory. We have drawn from industrial experience by close analysis that a corresponding assertion can be made as regards supply ; that, according to strict

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