average variable cost

average variable cost. The average cost per unit of output, arrived at by dividing the total cost (fixed cost and variable cost) by output. See COST (1). Cf. LONG-RUN INCREMENTAL COST.

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词条贡献者

资深译员Gwen，毕业于英国顶尖的高级翻译学院，擅长翻译涉及物联网领域的法律文件。