Chapter IV
Reading edition
Chapter IV
Cost and the Margin of Production
§1. An Illustration From Coal 52
§2. The Various Aspects Of Marginal Cost 55
§3. The Dangers Of Ignoring The Margin 57
§4. A Misinterpretation 59
§5. Some Consequences Of A Higher Price Level 60
§6. General Relation Between Price, Utility And Cost 65