What does average cost mean?

average cost meaning in Law Dictionary

The amount it costs to create one device. The full total fixed and adjustable prices are found in this calculation. The reduced the common the greater. AKA unit expense.

average cost meaning in Business Dictionary

Production cost per device of production, calculated by dividing the full total of fixed expenses and variable costs by the range complete devices produced (total output). Lower average costs are a potent competitive advantage. Also called unit price. Formula: (Fixed costs + Variable prices) ÷ complete output.

average cost meaning in General Dictionary

complete expense for all units purchased (or created) divided because of the few devices

Sentence Examples with the word average cost

The average cost per student in the lyceum was 8, os.

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