Economics

zero and decreasing

decreasing and zero

negative and decreasing

both at their maximum

fixed

semi fixed

variable

semi-variable

explicit cost

implicit cost

prime cost

average cost

always reflects the cost of labour

reflects the variable, but not the fixed cost of production

does not rise above variable costs

is determined by the cost of production and the current rate of inflation

Marginal Cost

Average Cost

Total Cost

Average Cost relative to price in the market