Economics GCSE
Average costs
What Average costs means in Economics GCSE, as defined for AQA.
Definition of Average costs
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Reference: AQA
The cost per unit, which falls as fixed costs are spread over a larger output.
Topics that use Average costs
- Economies of scale (AQA GCSE)
Related terms
- Communication problems
- Competitive advantage
- Coordination and control issues
- Economies of scale
- External economies of scale
- Fixed costs
- Internal economies of scale
- Purchasing economies
Using Average costs in the exam
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