Definition of Average cost
1. Noun. Total cost for all units bought (or produced) divided by the number of units.
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Lexicographical Neighbors of Average Cost
Literary usage of Average cost
Below you will find example usage of this term as found in modern and/or classical literature:
1. Transactions by American Society of Mechanical Engineers (1919)
"... of good castings in melt = 0.7 L = average cost of labor per day = $4 J = average cost of metal at ladle per ton of good castings = $25 S = average cost ..."
2. Bulletin by United States Bureau of Labor, United States Office of Education (1912)
"Caution regarding the use of average cost tables.—One danger in using average costs deserves attention. If a city has a low average cost for any particular ..."
3. Bulletin by National Electric Light Association (1911)
"... mileage 17.6 18 average cost per day .471 .167 average cost per mile .027 .009 average cost per mile for gasoline and oil .025 average cost per mile for ..."