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.
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 ?
Utah is a neighbor of Arizona, but Utah and its neighbors had average benefit levels below the national average.
In contrast, the projections indicate widespread declines in average benefits relative to productivity, making for a fall in expenditure averaging around 1 1/2 percentage points of GDP.
Alternate Safe Harbor IV -- Average Benefits. If the HCE percentage ratio for a separate line of business is less than 50 percent, this safe harbor is met if the actual benefit percentage of the nonhighly compensated employees of the separage line of business is at least equal to the actual benefit percentage of all the employer's other nonhighly compensated employees.
"As these packages are estimated to deliver average benefits of more than PS500 per household per year, they can make a very real difference to householders who are trying to manage their energy bills and importantly can help to protect households against the effects of future energy price rises.
A plan that cannot satisfy the ratio percentage test may still pass the coverage requirement by satisfying the average benefit test.
For members not covered under Social Security, the average benefit multiplier grew marginally from 2.39 percent to 2.43 percent during the two years.
This is despite the fact that the expected average benefit in the privatized system is almost a full order of magnitude larger than the minimum benefit.
In only two years, Vermont raised the number of welfare parents with jobs from 20 percent to 26 percent and increased their average monthly earnings from $373 to $437, while decreasing the average benefit level from $521 to $476.
The average benefit cost as a percentage of pay amounted to 38%.
The big distinction you have to make is between marginal benefit and average benefit. The marginal benefit from having 91 percent of people in school rather than 90 percent does not justify making it compulsory.
Consequently, the average cost of the driver's "arrival" exceeds the average benefit of using the road.

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