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average cost
(redirected from Average total costs)

    Also found in: Medical, Financial, Wikipedia 0.02 sec.

average cost

Or unit cost, total cost divided by output. For example, if a firm has total costs of 10 million with an output of 1 million units, the average cost is 10. If long-run average cost falls as output increases, then the business organization will experience economies of scale.



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? Mentioned in ? References in periodicals archive
 
In July 2004, average total costs of compliance were estimated to be $3.
Ask FERF about ... Sarbanes-Oxley Section 404 compliance costs by Sinnett, William M. / Financial Executive
Average total costs associated with antibiotic treatment for each group were as follows: first-line with partial coverage, $1,024.
Equal effectiveness of older traditional antibiotics and newer ... by Chang, Chung-Chou H. / Southern Medical Journal
The average total costs for persons with mild, moderate, and severe illness were $116, $475, and $7,808, respectively.
Cost of illness in the 1993 waterborne cryptosporidium outbreak, ... by Haddix, Anne C. / Emerging Infectious Diseases
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