average cost

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Related to Average Costs: Average total cost, Marginal costs
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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"
References in periodicals archive ?
Northern Ireland is the least expensive, with average costs put at PS6,453.
According to the report, this reflects the fact that, on average, pharmacies filling a smaller number of Medicaid prescriptions have higher average costs of dispensing and are more numerous than those filling more Medicaid prescriptions.
One of the biggest and most common mistakes that mill management makes is relying on average costs to assess the financial success of a mill.
Optimistic expectations regarding welfare gains stemming from trade liberalization are based, at least in part, on the belief that average costs will decline as output adjusts in response to increased competition in the domestic market and increased access to foreign markets.
These two assumptions result in (eventually) increasing both marginal and average costs.
Within specialties and geographic regions, a percentage add-on was then applied to each procedure code's score to account for average costs of practice separately self-reported to the National Opinion Research Center.