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  • Cost-of-production theory of value — In economics, the cost of production theory of value is the theory that the price of an object or condition is determined by the sum of the cost of the resources that went into making it. The cost can compose any of the factors of production… …   Wikipedia

  • Cost of Production Theory of Value — ˌCost of Proˌduction ˌTheory of ˈValue noun [singular] ECONOMICS a 19th century economic idea, saying that the value or price of something depends only upon the cost of making or growing it. This idea is now seen as too simple, especially because …   Financial and business terms

  • The Cost (The Wire episode) — Infobox The Wire episode caption = episode name = The Cost episode no = 10 epigraph = And then he dropped the bracelets... Greggs teleplay = David Simon story = David Simon and Ed Burns writer = director = Brad Anderson guest star = see below… …   Wikipedia

  • The Cost of Living (Lost) — Infobox Television episode | Title = The Cost of Living Series = Lost (TV series) | Caption = Mr. Eko confesses to Yemi Season = 3 Episode = 5 Airdate = November 1, 2006 Production = 305 Writer = Alison Schapker Monica Breen Director =Jack Bender …   Wikipedia

  • Marginal Cost Of Production — The change in total cost that comes from making or producing one additional item. The purpose of analyzing marginal cost is to determine at what point an organization can achieve economies of scale. The calculation is most often used among… …   Investment dictionary

  • marginal cost of production — marginal cost marginal cost, marginal cost of production marginal cost of production . (Economics) The increase in total cost of production as a result of producing one more unit of output; since certain ovrhead costs are fixed, the marginal cost …   The Collaborative International Dictionary of English

  • cost of production — actual cost to the manufacturer of producing a vehicle (does not include mark up) …   Dictionary of automotive terms

  • Cost-plus pricing — is a pricing method used by companies to maximize their profits. The firms accomplish their objective of profit maximization by increasing their production until marginal revenue equals marginal cost, and then charging a price which is determined …   Wikipedia

  • Cost Of Labor — The sum of all wages paid to employees, as well as the cost of employee benefits and payroll taxes paid by an employer. The cost of labor is broken into direct and indirect costs. Direct costs include wages for the employees physically making a… …   Investment dictionary

  • cost plus — noun A work contract where payment is based on the actual production cost plus an agreed percentage of that cost as profit • • • Main Entry: ↑cost * * * cost plus, an arrangement or contract under which the selling price is based on the cost of… …   Useful english dictionary

  • production, theory of — ▪ economics Introduction       in economics, an effort to explain the principles by which a business firm decides how much of each commodity that it sells (its “outputs” or “products”) it will produce, and how much of each kind of labour, raw… …   Universalium

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