average cost

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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 ?
8 shows the variation of the average total costs per time unit according to time in the case of [C.
FEI staff questioned whether these consecutive estimates of average total costs were comparable, because the same FEI members did not necessarily respond to each previous consecutive survey.
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.
This unit cost is actually (in economic terms) average total cost (ATC) and is not the appropriate decision criteria.
When we estimated only housing-related construction costs, the average total cost for all units under the HOPE VI program was about 35 percent greater than a two-bedroom tax credit unit and 10 percent greater than a three-bedroom tax credit unit.
The above example demonstrates that process innovations may not only lower average total costs (from ATC1 to ATC2, in Figure 3), but such innovations might at times even heighten differentiation, potentially shifting the demand curve (from D1 to D2), as portrayed in Figure 3.
We reveal that the long-life costs for traffic accidents are nearly five times higher than non-traffic accidents with average total costs of over 49,000 Euro, and the most expensive case with about 4.
The cumulative average total costs after 5 years were estimated to be $12,920 for ablation and $24,280 for cardioversion and drugs.
Despite the huge jump, gasoline accounts for just 4% of the expenditures of a household earning $55,000 per year and just 18% of the average total costs of operating a car.
Average total costs per workers' compensation claim showed steady growth, increasing more than 8 percent for claims evaluated in mid 2004 with 12 months' maturity, according to a new report by the Cambridge, Mass-based Workers Compensation Research Institute (WCRI).
The study reported that average total costs per claim in Maryland were typical compared with other study states, reflecting the offsetting factors of lower medical payments per claim and lower average indemnity benefits per claim, and the fact that Maryland had a higher percentage of claims with more than seven days of lost time.