The standard cost for permanent items is 50x that of one use items. An everburning candle would cost 400,000 and would be made of wax which exposes it to a lot of hazards. It would have to be carried around while lit in one hand while you cast with the other. Roll a 1 on your save and the candle has a 25% chance of being destroyed. The candle will last for about 80 area effect spells. You are probably better off making 50 candles and lighting them when you need them.