Definitions
There is 1 meaning of the phrase
Average Cost.
Average Cost - as a noun
Total cost for all units bought (or produced) divided by the number of units
Example Sentences
"The average cost of groceries has increased significantly this year."
"We need to calculate the average cost of production for this project."
"The company's average cost per unit has decreased due to increased efficiency."
"The average cost of tuition at this university is quite high."
"We should compare the average costs of different insurance plans before choosing one."
