Cost Of Production

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.

Other Words for Cost

Cost Noun Synonyms: sell for, get, fetch, bring in, set (someone) back
Cost Verb Synonyms: price, outlay, payment, charge, expense, expenditure, rate, tariff
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Other Words for Production

Production Noun Synonyms: producing, manufacture, manufacturing, making, fabrication, preparation, origination, creation, output, putting out, development, formation, forming, forging, shaping, moulding, casting, assembly, building, construction
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Marginal Cost

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

Cost-Push Inflation

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

Economies Of Size

Business / Agriculture / Economies Of Size: The concept that the average cost of production per unit declines as the size of the operation grows. One reason farms have been growing in size is to make more economical use of machines capable of c MORE

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