Every watt a discharge stage does not deliver becomes heat. Heat needs a path and a radiator, which are mass; mass is launch cost; and the same heat raises component temperature, which shortens life. Move the sliders. Every parameter is an estimate you can replace with your own.
Illustrative model, not a flight thermal analysis. It ignores radiator view factors, heat sharing with other subsystems and the thruster's own thermal load, and it treats the hotspot rise as linear in loss. Its purpose is the shape of the trade: at kilowatt scale, efficiency is paid for in kilograms and years. See the technical note for the sources on efficiency, mass and heat.