average cost

1. 1.

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

   Broadermonetary value

Questions about average cost

What does average cost mean?

average cost means "total cost for all units bought (or produced) divided by the number of units".

Is average cost a common word?

average cost is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.