Average Total Cost

Business, Legal & Accounting Glossary

Definition: Average Total Cost


Average Total Cost


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.


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https://payrollheaven.com/define/average-total-cost/
Modern Language Association (MLA):
Average Total Cost. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 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: March 29, 2024).
American Psychological Association (APA):
Average Total Cost. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/average-total-cost/

Definition Sources


Definitions for Average Total Cost are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 10th August, 2019 | 0 Views.