Doubling input prices increases lnC by 0.6946, the exponential of which is equal to 2.003, indicating that total cost has doubled from a doubling of input prices. From: Electricity Marginal Cost Pricing, 2012
In order to continue enjoying our site, we ask that you confirm your identity as a human. Thank you very much for your cooperation.
May 22, 2022 May 22, 2022/ Steven Bragg
Input cost is the set of costs incurred to create a product or service. All other costs incurred by a business are related to general and administrative activities. The proportion of input costs to total costs tends to be relatively low in many businesses.
Examples of Input Costs
Examples of input costs are direct materials, direct labor, and factory overhead.
Related Courses
Cost Accounting Fundamentals
May 22, 2022/ Steven Bragg/