What Is Average Total Cost?

Average total cost is the sum of all the production costs divided by the number of units produced.

See here for more detail related to average total cost and here for how it is graphed.

Terms related to Average Total Cost:

  • The Cost Curve
  • Average Propensity to Consume
  • Structural Moving Average

Resources on Average Total Cost:

    Books on Average Total Cost:

    • Microeconomics
    • How to Prepare for the Ap Macro/micro Economics
    • Microeconomics for MBAs

    Journal Articles on Average Total Cost:

    mla apa chicago
    Your Citation
    Moffatt, Mike. "What Is Average Total Cost?" ThoughtCo, Jun. 29, 2017, thoughtco.com/average-total-cost-definition-1145994. Moffatt, Mike. (2017, June 29). What Is Average Total Cost? Retrieved from https://www.thoughtco.com/average-total-cost-definition-1145994 Moffatt, Mike. "What Is Average Total Cost?" ThoughtCo. https://www.thoughtco.com/average-total-cost-definition-1145994 (accessed January 24, 2018).