average cost

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Related to Average total cost: marginal cost, Total fixed cost

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 ?
The research utilized a flexible single-product cost function to analyze the average total cost per athlete for each school.
6 shows the variation of the average total costs per unit of time and part according to time in the case of [C.
The total average cost per conventional slide (R64; 95% confidence interval (CI) 59-69) was approximately R21 less than the average total cost per LBC slide (R85; 95% CI 77-92).
With respect to whether pricing below average total cost was predatory, the court noted that while each of the cases cited by Matsushita used incremental cost as the standard against which to measure allegedly predatory pricing, the cases do not stand for the proposition that incremental cost was the only standard.
In the subset of 104 patients who received palliative care for more than 4 days, the average total cost of care was $1,888 per day compared with an average of $2,097 per day for the control patients, a difference of $209 per day.
The average total cost for the first year of SOA section 404 compliance was $4.
According to Rendell, the increased purchases will only be approved if the total cost of ownership does not exceed the average total cost of ownership of the rest of the conventional Department of General Services (DGS) fleet.
The average total cost of production across all farms surveyed was 137p/kg liveweight, covering 79% of the total costs (with market returns of 108 pence per kg liveweight).
We've got a milk price of 18-19 pence per litre and an average total cost of production in most areas of 21-22 pence.
The average total cost of an electronic health record (EHR) for a typical three-doctor practice--under $10,000 per doctor per year--is approaching affordability for many small practices, a recent survey shows.
The survey also found that the average total cost of health benefits (medical and dental) for active employees rose to $6,679 per employee in 2004 from $6,215 in 2003.
Figure 2 illustrates hypothetical plant locations and average total cost of production assumed at each plant.