CostIn production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer.
Cost curveIn economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms optimize their production process by minimizing cost consistent with each possible level of production, and the result is a cost curve. Profit-maximizing firms use cost curves to decide output quantities. There are various types of cost curves, all related to each other, including total and average cost curves; marginal ("for each additional unit") cost curves, which are equal to the differential of the total cost curves; and variable cost curves.
TopologyIn mathematics, topology (from the Greek words τόπος, and λόγος) is concerned with the properties of a geometric object that are preserved under continuous deformations, such as stretching, twisting, crumpling, and bending; that is, without closing holes, opening holes, tearing, gluing, or passing through itself. A topological space is a set endowed with a structure, called a topology, which allows defining continuous deformation of subspaces, and, more generally, all kinds of continuity.
Marginal costIn economics, the marginal cost is the change in the total cost that arises when the quantity produced is incremented, the cost of producing additional quantity. In some contexts, it refers to an increment of one unit of output, and in others it refers to the rate of change of total cost as output is increased by an infinitesimal amount. As Figure 1 shows, the marginal cost is measured in dollars per unit, whereas total cost is in dollars, and the marginal cost is the slope of the total cost, the rate at which it increases with output.
General topologyIn mathematics, general topology (or point set topology) is the branch of topology that deals with the basic set-theoretic definitions and constructions used in topology. It is the foundation of most other branches of topology, including differential topology, geometric topology, and algebraic topology. The fundamental concepts in point-set topology are continuity, compactness, and connectedness: Continuous functions, intuitively, take nearby points to nearby points.
Final topologyIn general topology and related areas of mathematics, the final topology (or coinduced, strong, colimit, or inductive topology) on a set with respect to a family of functions from topological spaces into is the finest topology on that makes all those functions continuous. The quotient topology on a quotient space is a final topology, with respect to a single surjective function, namely the quotient map. The disjoint union topology is the final topology with respect to the inclusion maps.
Order topologyIn mathematics, an order topology is a certain topology that can be defined on any totally ordered set. It is a natural generalization of the topology of the real numbers to arbitrary totally ordered sets. If X is a totally ordered set, the order topology on X is generated by the subbase of "open rays" for all a, b in X. Provided X has at least two elements, this is equivalent to saying that the open intervals together with the above rays form a base for the order topology.
Algebraic varietyAlgebraic varieties are the central objects of study in algebraic geometry, a sub-field of mathematics. Classically, an algebraic variety is defined as the set of solutions of a system of polynomial equations over the real or complex numbers. Modern definitions generalize this concept in several different ways, while attempting to preserve the geometric intuition behind the original definition. Conventions regarding the definition of an algebraic variety differ slightly.
Abelian varietyIn mathematics, particularly in algebraic geometry, complex analysis and algebraic number theory, an abelian variety is a projective algebraic variety that is also an algebraic group, i.e., has a group law that can be defined by regular functions. Abelian varieties are at the same time among the most studied objects in algebraic geometry and indispensable tools for much research on other topics in algebraic geometry and number theory. An abelian variety can be defined by equations having coefficients in any field; the variety is then said to be defined over that field.
Rational varietyIn mathematics, a rational variety is an algebraic variety, over a given field K, which is birationally equivalent to a projective space of some dimension over K. This means that its function field is isomorphic to the field of all rational functions for some set of indeterminates, where d is the dimension of the variety. Let V be an affine algebraic variety of dimension d defined by a prime ideal I = ⟨f1, ..., fk⟩ in . If V is rational, then there are n + 1 polynomials g0, ..., gn in such that In order words, we have a of the variety.
Subspace topologyIn topology and related areas of mathematics, a subspace of a topological space X is a subset S of X which is equipped with a topology induced from that of X called the subspace topology (or the relative topology, or the induced topology, or the trace topology). Given a topological space and a subset of , the subspace topology on is defined by That is, a subset of is open in the subspace topology if and only if it is the intersection of with an open set in .
Projective varietyIn algebraic geometry, a projective variety over an algebraically closed field k is a subset of some projective n-space over k that is the zero-locus of some finite family of homogeneous polynomials of n + 1 variables with coefficients in k, that generate a prime ideal, the defining ideal of the variety. Equivalently, an algebraic variety is projective if it can be embedded as a Zariski closed subvariety of .
Cost accountingCost accounting is defined by the Institute of Management Accountants as "a systematic set of procedures for recording and reporting measurements of the cost of manufacturing goods and performing services in the aggregate and in detail. It includes methods for recognizing, classifying, allocating, aggregating and reporting such costs and comparing them with standard costs". Often considered a subset of managerial accounting, its end goal is to advise the management on how to optimize business practices and processes based on cost efficiency and capability.
Initial topologyIn general topology and related areas of mathematics, the initial topology (or induced topology or weak topology or limit topology or projective topology) on a set with respect to a family of functions on is the coarsest topology on that makes those functions continuous. The subspace topology and product topology constructions are both special cases of initial topologies. Indeed, the initial topology construction can be viewed as a generalization of these.
Weak topologyIn mathematics, weak topology is an alternative term for certain initial topologies, often on topological vector spaces or spaces of linear operators, for instance on a Hilbert space. The term is most commonly used for the initial topology of a topological vector space (such as a normed vector space) with respect to its continuous dual. The remainder of this article will deal with this case, which is one of the concepts of functional analysis. One may call subsets of a topological vector space weakly closed (respectively, weakly compact, etc.
Product topologyIn topology and related areas of mathematics, a product space is the Cartesian product of a family of topological spaces equipped with a natural topology called the product topology. This topology differs from another, perhaps more natural-seeming, topology called the box topology, which can also be given to a product space and which agrees with the product topology when the product is over only finitely many spaces.
Complete varietyIn mathematics, in particular in algebraic geometry, a complete algebraic variety is an algebraic variety X, such that for any variety Y the morphism is a closed map (i.e. maps closed sets onto closed sets). This can be seen as an analogue of compactness in algebraic geometry: a topological space X is compact if and only if the above projection map is closed with respect to topological products. The image of a complete variety is closed and is a complete variety. A closed subvariety of a complete variety is complete.
Minimum wageA minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century. Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws by using gig workers, by moving labor to locations with lower or nonexistent minimum wages, or by automating job functions.
Quasi-projective varietyIn mathematics, a quasi-projective variety in algebraic geometry is a locally closed subset of a projective variety, i.e., the intersection inside some projective space of a Zariski-open and a Zariski-closed subset. A similar definition is used in scheme theory, where a quasi-projective scheme is a locally closed subscheme of some projective space. An affine space is a Zariski-open subset of a projective space, and since any closed affine subset can be expressed as an intersection of the projective completion and the affine space embedded in the projective space, this implies that any affine variety is quasiprojective.
Network topologyNetwork topology is the arrangement of the elements (links, nodes, etc.) of a communication network. Network topology can be used to define or describe the arrangement of various types of telecommunication networks, including command and control radio networks, industrial fieldbusses and computer networks. Network topology is the topological structure of a network and may be depicted physically or logically. It is an application of graph theory wherein communicating devices are modeled as nodes and the connections between the devices are modeled as links or lines between the nodes.
