Short-Run Average Cost

short-run average cost
the average cost per unit of production of a set or group of products in the short term, note that in the long term, the average cost may be lower due to the effect of experience, see average cost and long-run average cost ...

the average cost per unit of production of a set or group of products; the total cost of production divided by the total number produced; the Unit Cost. See Long-Run Average Cost; Short-Run Average Cost.

See also: New product, Advertising campaign, Account, Model, Planning