In Nigeria, the finding and development cost of oil is $3.50 per barrel. The storage, transportation and production cost is $1.50 per barrel. Refining costs are $12.60 per barrel. Distribution margins are $16.58 per barrel. This brings total costs to $34.18 per barrel.
Royal Challenge whiskey costs about $ 12.99 in Nigeria.
Production costs are costs to produce
Capacity costs (committed costs) give a firm the capability to produce or to sell,
The Hepburn act gave the government the power to set and limit shipping costs.
The government is responsible for covering the costs of deportation.
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The variable costs.
Fixed costs are costs that donot vary with the quantity of the product produce and have no relation with volume of product like administration staff salary or building rent etc.
The population has aged, so the program costs the government more to run.
The government is responsible for covering the costs of deportation flights.
Our government does what business wants it to do, no matter which party is in power. Costs are not controlled because business already knows what they want costs to be, don't want the government to change it.