average costs

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Definition of average costs in English English dictionary

Related Terms

average cost
(Ekonomi) In economics, average cost is equal to total cost divided by the number of goods produced (Quantity-Q). It is also equal to the sum of average variable costs (total variable costs divided by Q) plus average fixed costs (total fixed costs divided by Q). Average costs may be dependent on the time period considered (increasing production may be expensive or impossible in the short term, for example). Average costs affect the supply curve and are a fundamental component of supply and demand
average cost
The average price plus commission
average cost
Total cost divided by the quantity produced (p 264)
average cost
In the context of investing, refers to the average cost of shares or stock bought at different prices over time
average cost
(Coût moyen) The total cost of all the fund shares divided by the total number of shares owned See also Adjusted Cost Base
average cost
Average cost of each share of the security This equals the total cost of all currently held shares of a security (the cost basis) divided by the number of shares currently held
average cost
Obtained by dividing total cost by the quantity associated with this cost
average cost
Usually refers to average total cost, which is the total cost of production of a good or service (including the costs of fixed inputs and variable inputs) divided by the quantity produced
average cost
total cost for all units bought (or produced) divided by the number of units
average cost
mean expense of a product or manufacturing factor
average cost
The average cost for a unit of output (e g , one day in a hospital for one patient) is the total cost (or benefit) of the total units of output divided by the total units of output
average cost
Utility revenue divided by utility sales Average cost typically includes the costs of existing power plants, transmission and distribution lines, and any additional facilities used by the utility in behalf of the customer
average cost
Calculating the gain/loss on a sale by averaging the cost of the original purchases transactions or lots
average cost
The revenue requirement (which includes any guaranteed rate-of-return) of a utility divided by the utility's sales Average cost typically includes the costs of existing power plants, transmission, and distribution lines, and other facilities used by a utility to serve its customers It also includes operating and maintenance, tax, and fuel expenses
average cost
The total cost of production divided by the total quantity produced
average cost
The revenue requirement of a utility divided by the utility's sales Average cost typically includes the costs of existing power plants, transmission, and distribution lines, and other facilities used by a utility to serve its customers It also included operating and maintenance, tax, and fuel expenses
average cost
The Cost of an item at a point of time as determined by applying an average of the cost of all items of the same nature over a period as weighted average cost
average cost
Total cost, fixed plus variable, divided by total output
average cost
the sum of average fixed cost and average variable cost at each quantity of output
average cost
total costs divided by total output
average costs

    Hyphenation

    a·ver·age costs

    Turkish pronunciation

    ävrıc kôs

    Pronunciation

    /ˈavrəʤ ˈkôs/ /ˈævrəʤ ˈkɔːs/

    Etymology

    [ 'a-v(&-)rij ] (noun.) 1732. from earlier average proportionally distributed charge for damage at sea, modification of Middle French avarie damage to ship or cargo, from Old Italian avaria, from Arabic 'awArIyah damaged merchandise.
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