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Sagot :
If the firm is minimizing the cost of producing 25 units of output, $ 50 must be the unit price of capital.
In production, research, retail, and accounting, a cost is the worth of cash that has been burnt up to provide one thing or deliver a service and thus isn't out there to be used anymore. In business, the price is also one among acquisitions, during which case the quantity of money expended to amass it's counted as cost.
In this case, money is the input that's gone so as to acquire the thing. This acquisition cost may be the addition of the cost of production as incurred by the initial producer, and more prices of dealing as incurred by the acquirer over and on top of the price paid to the producer. Usually, the value conjointly includes a markup for profit over the price of production.
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