fbpx
(855) 430-0035

Average cost

In economics, average cost or unit cost is equal to total cost divided by the number of goods produced (the output quantity, Q). It is also equal to the sum of average variable costs (total variable costs divided by Q) plus average fixed costs (total fixed costs divided by Q). Average costs may be dependent on the time period considered (increasing production may be expensive or impossible in the short term, for example).

About Senior Care Center

We all know what it’s like to watch our loved ones age. Let us help you find the best care your loved ones deserve.

Senior Care Center Newsletter

Subscribe now to get the latest tips, news, and advice.