The Costs of Production

By Jodi Beggs, About.com Guide

Since the general goal of companies is to maximize profit, it's important to understand the components of profit. On one side, firms have revenue, which is the amount of money that it brings in from sales. On the other side, firms have the costs of production. Let's examine different measures of production cost.

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• Profit Maximiztion
• The Costs of Production
• Total Cost
• Fixed and Variable Costs
• Average Costs
• Marginal Costs
• Marginal Fixed and Variable Costs
• Marginal Cost Is the Derivative of Total Cost

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