average cost
(av-er-age-cost)
4 syllables
Definition
noun. the total cost divided by the number of units produced, representing the cost per unit.
Example Sentence
The average cost of production has increased over the years, affecting pricing strategies.
More Example Sentences
To determine the average cost, we divided the total expenses by the number of items produced.
Synonyms
mean cost; unit cost; typical cost
Antonyms
high cost; marginal cost; variable cost
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average cost
