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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Modern Language Association (MLA):
Average Total Cost. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
January 18, 2022 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: January 18, 2022).
American Psychological Association (APA):
Average Total Cost. PayrollHeaven.com. Retrieved January 18, 2022
, 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 | 19 Views.