production costs


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production costs

the costs of converting FACTOR INPUTS into higher value OUTPUTS of goods and services. The costs of manufacturing products include costs of raw materials, labour costs, depreciation and maintenance of plant and equipment, and rent, rate, lighting and heating of factory buildings. See also PRODUCTION FUNCTION, COST FUNCTION.
References in periodicals archive ?
FARMERS groups said the possible reduction of the National Food Authority's (NFA) support price for palay could trim down rice planters' profit margin as their production costs have already increased due to higher fuel prices.
For reconciliations of per pound unit costs by operating division to production and delivery costs applicable to sales reported in FCX's consolidated financial statements, refer to the supplemental schedules, "Product Revenues and Production Costs," beginning on page XIII, which are available on FCX's website, "fcx.com." Consolidated Sales Volumes
Zaev said that most production costs are for purchasing petrol.
Colombia, the world's top producer of washed arabica, will look into selling its harvest at a price which covers production costs, without being tied to the New York market price, the national coffee federation said on Tuesday.
Production costs are also cheaper than in Cambodia.
MDPS figures showed that the April PPI was mainly driven up by increase in the production costs of crude petroleum and natural gas -- the main component of the index's largest group, mining.
"GM Korea is doing its utmost to reduce its production costs and it won't be able to accommodate them," said a industry observer.
He noted that the average cereal production cost per hectare in Botswana is estimated at P14 475 for sorghum and P21 175 for maize, whereas the average cereal production costs per hectare in South Africa is estimated at P7 925 for maize.
Production costs per ounce for the fourth quarter of 2017 were $697 vs.
23801), John Asker, Allan Collard-Wexler, and Jan De Loecker estimate that OPEC's exercise of market power to hold down output of petroleum shifted substantial amounts of oil production from low-cost fields to higher-cost ones, imposing extra oil production costs of $163 billion (in 2014 USD) on the global economy from 1970 through 2014.
The fund is currently in the red due to reduced electricity consumption and falling fuel prices which led to lower production costs.
New York/Chicago: A drop in 2015 full-cycle costs for North American exploration and production (E&P) companies reflects a combination of lower production costs and finding, development and acquisition costs (FD&A), according to Fitch Ratings.

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