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  2. Cost curve - Wikipedia

    en.wikipedia.org/wiki/Cost_curve

    The total cost curve, if non-linear, can represent increasing and diminishing marginal returns.. The short-run total cost (SRTC) and long-run total cost (LRTC) curves are increasing in the quantity of output produced because producing more output requires more labor usage in both the short and long runs, and because in the long run producing more output involves using more of the physical ...

  3. Average cost - Wikipedia

    en.wikipedia.org/wiki/Average_cost

    An increasing marginal cost curve intersects a U-shaped average cost curve at the latter's minimum, after which the average cost curve begins to slope upward. For further increases in production beyond this minimum, marginal cost is above average costs, so average costs are increasing as quantity increases.

  4. Total cost - Wikipedia

    en.wikipedia.org/wiki/Total_cost

    The long run total cost for a given output will generally be lower than the short run total cost, because the amount of capital can be chosen to be optimal for the amount of output. Other economic models use the total variable cost curve (and therefore total cost curve) to illustrate the concepts of increasing, and later diminishing, marginal ...

  5. Long-run cost curve - Wikipedia

    en.wikipedia.org/wiki/Long-run_cost_curve

    In economics, a cost function represents the minimum cost of producing a quantity of some good. The long-run cost curve is a cost function that models this minimum cost over time, meaning inputs are not fixed. Using the long-run cost curve, firms can scale their means of production to reduce the costs of producing the good. [1]

  6. Cost of electricity by source - Wikipedia

    en.wikipedia.org/wiki/Cost_of_electricity_by_source

    The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...

  7. Average variable cost - Wikipedia

    en.wikipedia.org/wiki/Average_variable_cost

    In economics, average variable cost (AVC) is a firm's variable costs (VC; labour, electricity, etc.) divided by the quantity of output produced (Q): = Average variable cost plus average fixed cost equals average total cost (ATC): A V C + A F C = A T C . {\displaystyle AVC+AFC=ATC.}

  8. Cost function - Wikipedia

    en.wikipedia.org/wiki/Cost_function

    Cost function. In economics, the cost curve, expressing production costs in terms of the amount produced. In mathematical optimization, the loss function, ...

  9. Category:Costs - Wikipedia

    en.wikipedia.org/wiki/Category:Costs

    C. Carrying cost; Cost allocation; Cost analyst; Cost auditing; Cost breakdown analysis; Cost competitiveness of fuel sources; Cost curve; Cost driver; Cost object