average cost

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Related to Average Costs: Average total cost, Marginal costs

average cost

The cost per unit of output, calculated as the cost, or benefit, of all units of output divided by the number of units.

average cost

Average benefit Managed care The cost per unit of output, calculated as the cost or benefit of all units of output divided by the number of units
References in periodicals archive ?
In Scotland, the average cost of moving home is PS8,098 and in Wales it is PS7,270, according to the research.
The average cost of filling a prescription is more than twice what such government programs as Medicaid pay in dispensing fees, a new study has found.
would result in lower Canadian average costs and prices, increased exports and nominal wages, and an increase in Canadian GNP of approximately 10.
In a pure information economy, that is, an economy where information is the only good produced and traded and transaction costs are zero, an increase in aggregate demand would bring both an increase of economic activity (measured by the volume of sales) and lower prices because of decreasing average costs and markup pricing.