One of the mysteries of the English language finally explained.
The cost incurred from using a fixed capital asset such as machinery or raw materials, equivalent to the loss in the asset's value due to its use.‘if user cost is not deducted in calculating income, then income will be overstated’
- ‘If the price of the product is to cover all of the opportunity costs (namely, costs of extraction plus the opportunity costs represented by marginal user cost) it has to rise at this rate.’
- ‘Bloom, Griffith, and van Reenen have calculated the User Cost of R & D for nine (OECD) economies, including Australia.’
- ‘He frames his seminal article in real-world terms with his conclusion being that increased scarcity of minerals has a special depletion value ('user cost').’
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