| / English Dictionary |
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))
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