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average cost
(redirected from Average total costs)

   Also found in: Medical, Financial, Wikipedia 0.01 sec.
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Noun1.average cost - total cost for all units bought (or produced) divided by the number of units
monetary value, price, cost - the property of having material worth (often indicated by the amount of money something would bring if sold); "the fluctuating monetary value of gold and silver"; "he puts a high price on his services"; "he couldn't calculate the cost of the collection"


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In July 2004, average total costs of compliance were estimated to be $3.
Jones and Butler have proposed that a firm competing mainly with the low cost strategy would have lower average total costs (that are comprised of lower average production costs and lower average transaction costs) vs.
 
 
 
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