AVERAGE COST

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does average cost mean? 

• AVERAGE COST (noun)
  The noun AVERAGE COST has 1 sense:

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

  Familiarity information: AVERAGE COST used as a noun is very rare.

 Dictionary entry details 

• AVERAGE COST (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))

 Context examples 

You see them all the time in the news - the number of people who were in the hospital last year, the percentage of kids who are overweight, the rate at which people are catching the flu, the average cost of a medical procedure.

(Health Statistics, NIH)