👉 In economics and finance, a "multicostate" refers to a situation where multiple costs are incurred at different stages of production or operations. For example: - A company may incur manufacturing costs for producing a single product, but also spend some money on marketing and advertising. - A factory may have fixed costs associated with its equipment and overhead expenses, while it also incurs variable costs for labor and materials. The term can be applied to any situation where multiple costs are involved in the production process
