Prices of production

The price of production is the total cost that a company must pay in order to make a product. This includes the cost of labor, materials, shipping, and other expenses that the company needs. In other words, it is the amount of money you need to buy all of the things that go into making something. For example, in order to make a toy car you might have to buy plastic, screws, and a motor. The total cost of all of these items would be the price of production.