Business / Agriculture / Cost Of Production: The average unit cost (including purchased inputs and other expenses) of producing an agricultural commodity. The Agricultural and Consumer Protection Act of 1973 requires USDA to make annual estimates of the average cost of producing selected commodities. These cost of production estimates have been used by Congress in considering farm policy options.
Cost Verb Synonyms: price, outlay, payment, charge, expense, expenditure, rate, tariff
Cost Noun Synonyms: sell for, get, fetch, bring in, set (someone) back
Production Noun Synonyms: producing, manufacture, manufacturing, making, fabrication, preparation, origination, creation, output, putting out, development, formation, forming, forging, shaping, moulding, casting, assembly, building, construction
Business / Finance / Marginal Cost: The increase or decrease in a firm's total cost of production as a result of changing production by one unit. MORE
Business / Finance / Cost-Push Inflation: A contract in which the selling price is based on the total cost of production plus a fixed percentage or fixed amount. MORE