All Types of Costs in Economics with Examples?

There are several costs that a firm should consider under relevant circumstances. It is quite essential for a firm to understand the difference between various cost concepts for the purpose of production/business decision making. The following are the various cost concepts/types of costs.


(A) Actual Cost 

(B) Opportunity Cost 

(C) Sunk Cost 

(D) Incremental Cost 

(E) Explicit Cost 

(F) Implicit Cost 

(G) Book Cost 

(H) Out Of Pocket Costs 

(I) Accounting Costs 

(J) Economic Costs 

(K) Direct Cost 

(L) Indirect Costs
(M) Controllable Costs 

(N) Non Controllable Costs 

(O) Historical Costs and Replacement Costs. 

(P) Shutdown Costs 

(Q) Abandonment Costs 

(R) Urgent Costs and Postponable Costs 

(S) Business Cost and Full Cost

(T) Fixed Costs 

(U) Variable Costs 

(V) Total Cost, Average Cost and Marginal Cost 

(W) Short Run Cost and Long Run Cost

Different Types of Costs with Examples - 1?
Different Types of Costs with Examples - 2?