What is taking the total cost of production and dividing it by the number of goods produced called?

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asked Mar 13, 2019 114k views

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Keshi · Answer 1 · 2019-03-18T15:33:28+0000

Average cost or unit cost

Unit cost is the amount of money that is incurred before a unit of product can be produced. It is calculated through dividing the total cost of production by the total number of units that are produced

What is taking the total cost of production and dividing it by the number of goods produced called?

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