A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
The economist's espousal of marginal‐cost pricing is based on the belief that such pricing encourages an efficient use of a scarce resource. Rates based on marginal cost tell each consumer that he must pay a sum equal to the current cost of resources he is consuming. Price elasticity and water demand is discussed.
The economist's espousal of marginal‐cost pricing is based on the belief that such pricing encourages an efficient use of a scarce resource. Rates based on marginal cost tell each consumer that he must pay a sum equal to the current cost of resources he is consuming. Price elasticity and water demand is discussed.
Marginal‐Cost Pro:
Ambrose, Bruce J. (author)
1978-03-01
1 pages
Article (Journal)
Electronic Resource
English
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