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.
Segen's Medical Dictionary. © 2012 Farlex, Inc. All rights reserved.

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
McGraw-Hill Concise Dictionary of Modern Medicine. © 2002 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
The average cost of dispensing medication is $10.50 per prescription, according to a report released this month by the Coalition for Community Pharmacy Action (CCPA).
To arrive at a figure for the average cost of dispensing, the study looked at five factors:
Lenders that bettered the average pull-through rate of 73 percent had an average cost to originate 11 percent lower than the channel average in dollars per loan and 14 percent lower in basis points.
In this year's study, the average cost to originate for retail credit unions increased 37 percent while their average productivity, measured in closed loans per direct FTE, fell 28 percent.
LCHP retail credit unions had an average cost to originate of $469 per closed loan--61 percent less than that of retail credit unions overall.
would result in lower Canadian average costs and prices, increased exports and nominal wages, and an increase in Canadian GNP of approximately 10.5%.
Second, they argued that firms' average costs were sensitive to output adjustment.
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.
These are goods that may be rather expensive to produce but can be easily copied and sold, displaying decreasing average costs over the relevant range of sales, even if both marginal and average costs will eventually start increasing.
London remains the most expensive place to move home, with the average cost totalling PS27,946.
In Scotland, the average cost of moving home is PS8,098 and in Wales it is PS7,270, according to the research.
Because today's accounting systems are much more sophisticated, "the weight accorded to the costs incurred in prior years is so slight that the ending inventory cost more nearly approximates first in, first out (FIFO)." In addition, because there is an increasing number of inventory costing systems that use a rolling average cost, a continuation of the ban puts taxpayers at risk.