Define: Average Total Cost

UK Accounting Glossary

Definition: Average Total Cost


Quick Summary of Average Total Cost


In economics, average cost or unit cost is equal to total cost divided by the number of units of a good produced: It is also equal to the sum of average variable costs and average fixed costs. Average costs may be dependent on the time period considered.



What is the dictionary definition of Average Total Cost?

Dictionary Definition



Full Definition of Average Total Cost


In economics, average cost or unit cost is equal to total cost divided by the number of units of a good produced: It is also equal to the sum of average variable costs and average fixed costs. Average costs may be dependent on the time period considered.


Average Total Cost FAQ's



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https://payrollheaven.com/define/average-total-cost/
Modern Language Association (MLA):
Average Total Cost. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. August 24, 2019 https://payrollheaven.com/define/average-total-cost/.
Chicago Manual of Style (CMS):
Average Total Cost. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/average-total-cost/ (accessed: August 24, 2019).
American Psychological Association (APA):
Average Total Cost. PayrollHeaven.com. Retrieved August 24, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/average-total-cost/

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This glossary post was last updated: 9th August 2019.