The average cost of shares of a stock or mutual fund that were bought at different prices over a period of time.
In a manufacturing context, the total amount of costs divided by the number of units produced.
Average-cost Sentence Examples
The average cost of constructing an exchange circuit in the metropolitan area (including the installation of telephone instruments and of exchange apparatus, but excluding the provision of spare plant) has been £33.
The line was designed, surveyed and constructed by Turkish engineers - employing Ottoman navvies and labourers - in a highly efficient and economical manner, the average cost per mile having been £3230, although considerable engineering difficulties had to be overcome, especially in the construction of the Haifa branch.
The average cost per pupil in these schools was 35 s.
The average cost per student in the lyceum was 8, os.