In economics,

**average cost**or unit cost is**equal to total cost divided by the number of units of a good produced: A C = T C Q. {\displaystyle AC={\frac {TC}{Q**}}.} It is also equal to the sum of average variable costs and average fixed costs Average costs may be dependent on the time period considered. Average costs affect the supply curve and are a fundamental component of supply and demand.The average cost is

**computed by dividing the total cost of goods available for sale by the total units available for sale**. This gives a weighted-average unit cost that is applied to the units in the ending inventory. There are two commonly used average cost methods: Simple Weighted-average cost method and perpetual weighted-average cost method.People also ask

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Social

**costs**are the sum of private**costs**and external**costs**. For example, the manufacturing**cost**of a car (i.e., the**costs**of buying inputs, land tax rates for the car plant, overhead**costs**of running the plant and labor**costs**) reflects the private**cost**for the manufacturer (in some ways, normal profit can also be seen as a**cost**of production ...A

**cost**estimate is the approximation of the**cost**of a program, project, or operation.The**cost**estimate is the product of the**cost**estimating process. The**cost**estimate has a single total value and may have identifiable component values.Let's state that on a monthly basis, so $42.1 / 12 = $3.51 million per month. Then, from Wikimedia Report Card:

**483 million unique visitors (per month) Therefore**the cost**per month is $0.007**per unique user per month. That's less than a penny a month per user, or 8.4 cents per year.The

**first component**is the**per-unit or average cost**. The second component is the small increase in cost due to the law of diminishing marginal returns which increases the costs of all units sold. Marginal costs can also be expressed as the cost per unit of labor divided by the marginal product of labor.The car internal

**costs**are all the**costs**consumers pay to own and operate a car. Normally these expenditures are divided by fixed or standing**costs**and variable or running**costs**. [4] Fixed**costs**are those ones which do not depend on the distance traveled by the vehicle and which the owner must pay to keep the vehicle ready for use on the road ...In colloquial language, an

**average**is a single number taken as representative of a list of numbers. Different concepts of**average**are used in different contexts. Often "**average**" refers to the arithmetic mean, the sum of the numbers divided by how many numbers are being averaged.Between 2004 and 2008, there was an increase in fuel

**costs**due in large part to a worldwide increase in demand for crude oil. Prices leapt from $35 to $140 per barrel ($220 to $880/m 3 ), causing a corresponding increase in gas prices. [10]The

**average cost**method assigns a**cost**to inventory items based on the total**cost**of goods purchased or produced in a period divided by the total number of items purchased or produced. The**average**...