average variable cost definition

average variable cost means the sum of all the costs that vary with an identified quantity of a particular product, divided by the total produced quantity of that product;’’;
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average variable cost means total variable cost divided by total output during the relevant period.
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average variable cost means the sum of all the costs that vary with an identified quantity of a particular product good or service, divided by the total produced quantity of that good or service;
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Related to average variable cost

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Average value means the value which best represents the amount of the nutrient which a given food contains, and reflects allowances for seasonal variability, patterns of consumption and other factors which may cause the actual value to vary.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.