Noun
/kɔːst kɜːrv/
A cost curve is a graphical representation that shows the relationship between the cost of production and the level of output. It illustrates how costs change as production increases. Cost curves are commonly used in economics and business to analyze cost behaviors and optimize decision-making in production processes. They can include various types such as average cost curves, marginal cost curves, and total cost curves.
In terms of usage frequency, "cost curve" is more commonly found in written contexts such as economic textbooks, research papers, and business reports rather than in oral communication.
The firm analyzed its cost curve to determine the most efficient level of production.
(Компания проанализировала свою кривую затрат, чтобы определить наиболее эффективный уровень производства.)
Understanding the cost curve can greatly aid in making informed pricing decisions.
(Понимание кривой затрат может значительно помочь в принятии обоснованных ценовых решений.)
The economist presented a detailed explanation of the cost curve during the conference.
(Экономист представил подробное объяснение кривой затрат на конференции.)
The term "cost curve" is less frequently used in idiomatic expressions compared to more common terms. However, it does relate to several economic concepts and conditions that are widely discussed in economic literature:
"To be on the right side of the cost curve" - This means to operate efficiently within the most beneficial range of production costs.
(Быть на правильной стороне кривой затрат означает работать эффективно в пределах наиболее благоприятного диапазона производственных затрат.)
"Shift the cost curve" - Refers to actions taken to reduce costs or improve production efficiency.
(Сдвинуть кривую затрат означает предпринимать действия для снижения затрат или улучшения эффективности производства.)
"Above the cost curve" - Indicating that production costs are higher than the optimal cost levels.
(Выше кривой затрат означает, что производственные затраты превышают оптимальные уровни затрат.)
The term "cost" derives from the Latin word "costare", meaning "to stand"; it developed in Old French as "coster". The word "curve" comes from the Latin "curva", meaning "a bending" or "something that curves".
Synonyms: cost function, cost graph, production cost analysis
Antonyms: cost savings, profitability analysis, revenue curve
This comprehensive insight into "cost curve" provides a fundamental understanding along with its usage in various contexts, particularly in economics and production analysis.