cost and its significance

30
American Economic Association Cost and Its Significance Author(s): H. J. Davenport Source: The American Economic Review, Vol. 1, No. 4 (Dec., 1911), pp. 724-752 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/1806879 . Accessed: 16/05/2014 11:22 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact [email protected]. . American Economic Association is collaborating with JSTOR to digitize, preserve and extend access to The American Economic Review. http://www.jstor.org This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AM All use subject to JSTOR Terms and Conditions

Upload: h-j-davenport

Post on 11-Jan-2017

214 views

Category:

Documents


1 download

TRANSCRIPT

Page 1: Cost and Its Significance

American Economic Association

Cost and Its SignificanceAuthor(s): H. J. DavenportSource: The American Economic Review, Vol. 1, No. 4 (Dec., 1911), pp. 724-752Published by: American Economic AssociationStable URL: http://www.jstor.org/stable/1806879 .

Accessed: 16/05/2014 11:22

Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at .http://www.jstor.org/page/info/about/policies/terms.jsp

.JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range ofcontent in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new formsof scholarship. For more information about JSTOR, please contact [email protected].

.

American Economic Association is collaborating with JSTOR to digitize, preserve and extend access to TheAmerican Economic Review.

http://www.jstor.org

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 2: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 3: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 4: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 5: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 6: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 7: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 8: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 9: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 10: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 11: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 12: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 13: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 14: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 15: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 16: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 17: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 18: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 19: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 20: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 21: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 22: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 23: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 24: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 25: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 26: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 27: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 28: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 29: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions

Page 30: Cost and Its Significance

This content downloaded from 195.78.109.14 on Fri, 16 May 2014 11:22:31 AMAll use subject to JSTOR Terms and Conditions