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  • Production costs —   Costs incurred to operate and maintain wells and related equipment and facilities, including depreciation and applicable operating costs of support equipment and facilities and other costs of operating and maintaining those wells and related… …   Energy terms

  • costs — Ⅰ. costs [plural] (also legal costs) ► LAW the money that helps pay for the lawyers and the court in a legal case, usually paid by the person or organization that has lost the case: »They were fined $50,000 and ordered to pay $10,000 in costs. →… …   Financial and business terms

  • Production music — is the name given to the music owned by production music libraries and licensed to customers for use in film, television, radio and other media. Unlike popular and classical music publishers, who typically own less than 50 percent of the… …   Wikipedia

  • production payment — Under Title 11 U.S.C. Section 101: (42A) The term production payment means a term overriding royalty satisfiable in cash or in kind (A) contingent on the production of a liquid or gaseous hydrocarbon from particular real property; and (B) from a… …   Glossary of Bankruptcy

  • Production–possibility frontier — In economics, a production–possibility frontier (PPF), sometimes called a production–possibility curve or product transformation curve, is a graph that compares the production rates of two commodities that use the same fixed total of the factors… …   Wikipedia

  • Production-possibility frontier — In economics, a production possibility frontier (PPF) or “transformation curve” is a graph that shows the different rates of production of two goods that an economy (or agent) could efficiently produce with limited productive resources. Points… …   Wikipedia

  • Production Cost — A cost incurred by a business when manufacturing a good or producing a service. Production costs combine raw material and labor. To figure out the cost of production per unit, the cost of production is divided by the number of units produced. A… …   Investment dictionary

  • production — In the context of project financing, a defined portion of the proceeds of production up to a dollar amount. Bloomberg Financial Dictionary * * * production pro‧duc‧tion [prəˈdʌkʆn] noun 1. [uncountable] MANUFACTURING the process of making or… …   Financial and business terms

  • production system — ▪ industrial engineering Introduction       any of the methods used in industry to create goods and services from various resources. Underlying principles       All production systems, when viewed at the most abstract level, might be said to be… …   Universalium

  • Production function — Graph of Total, Average, and Marginal Product In microeconomics and macroeconomics, a production function is a function that specifies the output of a firm, an industry, or an entire economy for all combinations of inputs. This function is an… …   Wikipedia

  • production — noun 1 (U) the process of making or growing things to be sold as products, or the amount that is produced: The production of consumer goods has increased throughout the world. | Smoking is banned in the factory s production areas. | production… …   Longman dictionary of contemporary English

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