Equation 11 · Part 9 · The Unit Economics of a Token
subscript
subscript
What this part means
The lower label selects a particular version, component, or indexed member of the quantity. For example, x₀ and xₜ can be values at different positions.
Its job in the formula
A subscript distinguishes a version, component, step, or member of a quantity. It does not automatically mean multiplication.
Full expression→subscript→Article meaning
The passage around this formula
The nonlinearity that surprises people does not live in this equation, which is linear. It lives in agent loops. Suppose a loop runs for k steps, each step appends roughly a tokens of tool output and assistant text, and the context started at b tokens. The total input billed across the whole loop is then . which is quadratic in the number of steps. Doubling the length of an agent trajectory roughly quadruples its input billing. This is why cache hit rate dominates agentic economics: prefix caching converts most of that quadratic term into reads at one tenth the price, and a workload that loses its cache to a time-to-live expiry or an effort change pays the full quadratic […
Learn the underlying idea
A subscript is a label attached below a symbol. It often selects a time step, component, category, or member of a sequence.
Open the illustrated subscripts: which member of a family? guide →
Sources cited in the article section
These citations provide research context; check each source for the exact claim it supports.