: loss or penalty incurred especially in gaining something the cost of lives during war 3 costs plural : expenses incurred in a judicial process "How much does this book cost?" "It costs £25." it costs something to do something It costs a lot to buy a house in this part of Sydney. [ + two objects ] The trip will cost you $1,000. Private costs are the costs that the buyer of a good or service pays the seller.

Understanding the Context

[5] This can also be described as the costs internal to the firm's production function. A new car costs thousands of dollars, while in some places penny candy still only costs a penny per piece. Cost also means "cause a loss," as when a bad fumble costs your favorite football team the game, or your brother's cheating on a test costs him the respect of his favorite teacher. $2,500 in Columbus, OH is a stretch – monthly costs with rent hit $2,603, and housing alone takes a big chunk.

Key Insights

Even with a shared flat and minimal going out, there's very little buffer for surprises or savings. Columbus, OH is a solid pick for families. Fixed and variable costs. Some costs—like the cost of rent or heavy machinery—don’t change based on how many bicycles are produced. These are called fixed costs.

Final Thoughts

Other costs, like labor and raw materials, can increase or decrease depending on how much is produced. These are called variable costs. Associated Bank has convenient bank branches serving more than 100 communities throughout Wisconsin, Illinois, Minnesota and Missouri. Find a location near you. You can also bank with us 24/7 through digital and automated telephone banking and ATMs. Want to speak to a live representative?

Call us at 800-236-8866 during our regular customer care ...