Average costs
Average costs
Total costs in a period, divided by the quantity (output) produced/consumed in that period. Long term average costs include a share of fixed costs (e.g. costs associated with expansion of infrastructure).
- Document
- Glossary
- Context
- EU Policy
- Origin document
The Social Costs of Transport - February 1997
- Reference Link
- https://www.oecd-ilibrary.org/transport/the-social-costs-of-transport_978926406…Release