Describe cost-output relationship in brief?

Question: Describe cost-output relationship in brief? 

The cost-output relationship is an important concept in economics that shows how the total cost of producing a good or service varies with the level of output. The cost-output relationship can be divided into two components: fixed cost and variable cost. Fixed cost is the cost that does not change with the output, such as rent, machinery, and salaries. Variable cost is the cost that changes with the output, such as raw materials, labor, and electricity. The total cost is the sum of fixed cost and variable cost. The cost-output relationship can be represented by a graph or a table that shows how the total cost, fixed cost, and variable cost change with different levels of output.

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