average cost per unit
11average — / æv(ə)rɪdʒ/ noun 1. a number calculated by adding several figures together and dividing by the number of figures added ● the average for the last three months or the last three months’ average ● sales average or average of sales 2. ♦ on average… …
12Cost curve — In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms use these curves to find the optimal point of production (minimising cost), and… …
13Cost accrual ratio — The Cost Accrual Ratio for a business may be defined as the total average cost per person per unit time, e.g. average cost per day per person. It is only useful for risk assessment in small projects where average wages are roughly equal.… …
14Cost-plus pricing — is a pricing method used by companies to maximize their profits. The firms accomplish their objective of profit maximization by increasing their production until marginal revenue equals marginal cost, and then charging a price which is determined …
15Long-Run Average Total Cost - LRATC — A business metric that represents the average cost per unit of output over the long run, where all inputs are considered to be variable. Long term unit costs are almost always less than short term unit costs because in a long term time frame,… …
16Cost of goods sold — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …
17Cost of electricity by source — The cost of electricity generated by different sources measures the cost of generating electricity including initial capital, return on investment, as well as the costs of continuous operation, fuel, and maintenance. The price is normally… …
18cost — {{Roman}}I.{{/Roman}} noun 1 money needed to buy sth ADJECTIVE ▪ considerable, high ▪ The high cost of energy was a problem for consumers. ▪ enormous, exorbitant, huge, prohibitive …
19cost — The opposite of revenue. An expense that reflects the price of purchasing goods, services and financial instruments. A cash cost means that cash is given up today to the purchase. Also, the purchase price of an investment, which is compared to… …
20unit — noun 1 single thing ADJECTIVE ▪ large, small ▪ basic, fundamental ▪ The family is the basic unit of society. ▪ discrete, individu …
