AVERAGE COST

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

Total cost for all units bought (or produced) divided by the number of units

Classified under:

Nouns denoting attributes of people and objects

Hypernyms ("average cost" is a kind of...):

cost; monetary value; price (the property of having material worth (often indicated by the amount of money something would bring if sold))

Credits