Research team captures social dynamics of 'pee-shy' mice

Urine scent marks are the original social media, allowing animals to advertise their location, status and identity. Now Cornell research is shining a new light—via thermal imaging of mice—on how this behavior changes ...

In calculating the social cost of methane, equity matters

What is the cost of 1 ton of a greenhouse gas? When a climate-warming gas such as carbon dioxide or methane is emitted into the atmosphere, its impacts may be felt years and even decades into the future—in the form of rising ...

Solving the space junk problem

Space is getting crowded. Aging satellites and space debris crowd low-Earth orbit, and launching new satellites adds to the collision risk. The most effective way to solve the space junk problem, according to a new study, ...

New route to carbon-neutral fuels from carbon dioxide discovered

If the idea of flying on battery-powered commercial jets makes you nervous, you can relax a little. Researchers have discovered a practical starting point for converting carbon dioxide into sustainable liquid fuels, including ...

Transparent wood can store and release heat

Wood may seem more at home in log cabins than modern architecture, but a specially treated type of timber could be tomorrow's trendy building material. Today, scientists report a new kind of transparent wood that not only ...

page 1 from 40

Cost

In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer. Usually, the price also includes a mark-up for profit over the cost of production.

More generalized in the field of economics, cost is a metric that is totaling up as a result of a process or as a differential for the result of a decision. Hence cost is the metric used in the standard modeling paradigm applied to economic processes.

Costs (pl.) are often further described based on their timing or their applicability.

This text uses material from Wikipedia, licensed under CC BY-SA