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minimum costs

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  • Minimum efficient scale — (MES) or efficient scale of production is a term used in industrial organization to denote the smallest output that a plant (or firm) can produce such that its long run average costs are minimized. Contents 1 Computing 2 Relationship to average… …   Wikipedia

  • Minimum efficiency reporting value — Minimum efficiency reporting value, commonly known as MERV rating is a measurement scale designed in 1987 by the American Society of Heating, Refrigerating and Air Conditioning Engineers (ASHRAE) to rate the effectiveness of air filters. The… …   Wikipedia

  • Minimum wage — A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may sell their labour. Although minimum wage laws are in effect in a great many… …   Wikipedia

  • Minimum Efficient Scale — The smallest amount of production a company can achieve while still taking full advantage of economies of scale with regards to supplies and costs. In classical economics, the minimum efficient scale is defined as the lowest production point at… …   Investment dictionary

  • Minimum railway curve radius — 90 foot (27.43 m) radii on the elevated 4 ft 8 1⁄2 in (1,435 mm) Chicago L . There is no room for longer radii at this street intersection The minimum railway curve radius, the shortest design radius, has an… …   Wikipedia

  • Minimum wage in the United States — History of the federal minimum wage in real and nominal dollars. As of July 24, 2009 (2009 07 24) …   Wikipedia

  • minimum — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ absolute, bare, very ▪ agreed, guaranteed ▪ recommended ▪ federal …   Collocations dictionary

  • minimum — ▪ I. minimum min‧i‧mum 1 [ˈmɪnməm] adjective [only before a noun] the smallest or least that is possible, allowed, or needed: • Minimum investment in each fund is £2000. • There is a minimum charge of £30. • The minimum requirements for the job… …   Financial and business terms

  • Minimum-cost flow problem — The minimum cost flow problem is finding the cheapest possible way of sending a certain amount of flow through a flow network. Contents 1 Definition 2 Relation to other problems 3 Solutions 4 See also …   Wikipedia

  • minimum — min|i|mum1 [ mınıməm ] adjective only before noun ** as small in amount or degree as possible: the minimum requirements for entry to college the minimum voting age ─ opposite MAXIMUM minimum min|i|mum 2 [ mınıməm ] noun singular ** the smallest… …   Usage of the words and phrases in modern English

  • minimum — 1 adjective (only before noun) the minimum number, degree, or amount of something is the smallest or least that is possible, allowed, or needed: The minimum requirements for the job are a degree and two years experience. | a minimum price compare …   Longman dictionary of contemporary English

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