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average cost
 

Definitions from WordNet

Noun average cost has 1 sense
  1. average cost - total cost for all units bought (or produced) divided by the number of units
    --1 is a kind of     monetary value, price, cost

Definitions from the Web

  1. Definition:

    Average cost refers to the total expenditure divided by the number of units produced or sold, providing the per-unit cost on average.

  2. Sample Sentences:

    • The average cost of producing a single pair of shoes is $20.
    • The company's profit margin depends on keeping the average costs low.
    • I calculated the average cost of groceries per month and was surprised by the result.

  3. Related Products:

    Accounting for Managers
    Cost Analysis: A Systematic Approach
    Business Economics: Theory and Application
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