Marshall and Turvey on Peak Load or Joint Product Pricing (Classic Reprint) - Softcover

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Excerpt from Marshall and Turvey on Peak Load or Joint Product Pricing

The approach taken here owes something to Marshall's. In the model which will be developed below the peak period costs of using plant 2 are less than peak period price when only plant 1 is used. Because of this, in line with Marshall's solution.

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