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average+quantity

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  • average — [av′ər ij, av′rij] n. [altered (by assoc. with ME average, money rent paid in place of service by the tenant with his horses < aver, draft horse) < OFr avarie, damage to ship or goods, mooring charges < OIt avaria < Ar ʿ awār, damaged …   English World dictionary

  • average — n Average, mean, median, norm, par denote something and usually a number, a quantity, or a condition that represents a middle point between extremes. Of these words average, mean, median, and par are also used as adjectives. Average is an… …   New Dictionary of Synonyms

  • Average — Av er*age, n. [OF. average, LL. averagium, prob. fr. OF. aver, F. avoir, property, horses, cattle, etc.; prop. infin., to have, from L. habere to have. Cf. F. av[ e]rage small cattle, and avarie (perh. of different origin) damage to ship or cargo …   The Collaborative International Dictionary of English

  • Average cost pricing — is one of the ways government regulate a monopoly market. Monopolists tend to produce less than the optimal quantity pushing the prices up. Government may use average cost pricing as a tool to regulate prices monopolists may charge.Average cost… …   Wikipedia

  • Average — Av er*age, v. i. To form, or exist in, a mean or medial sum or quantity; to amount to, or to be, on an average; as, the losses of the owners will average twenty five dollars each; these spars average ten feet in length. [1913 Webster] …   The Collaborative International Dictionary of English

  • Average fixed cost — (AFC) is an economics term to describe the total fixed costs (TFC) divided by the number of units produced. left ( frac{TFC}{Q} ight ) = AFC; TFC = total fixed cost, Q = quantity of units producedAverage variable cost plus average fixed cost… …   Wikipedia

  • Average cost — In economics, average cost is equal to total cost divided by the number of goods produced (the output quantity, Q). It is also equal to the sum of average variable costs (total variable costs divided by Q) plus average fixed costs (total fixed… …   Wikipedia

  • average — averageable, adj. averagely, adv. averageness, n. /av euhr ij, av rij/, n., adj., v., averaged, averaging. n. 1. a quantity, rating, or the like that represents or approximates an arithmetic mean: Her golf average is in the 90s. My average in… …   Universalium

  • Quantity theory of money — In economics, the quantity theory of money is a theory emphasizing the positive relationship of overall prices or the nominal value of expenditures to the quantity of money. Origins and development of the quantity theory The quantity theory… …   Wikipedia

  • average — av•er•age [[t]ˈæv ər ɪdʒ, ˈæv rɪdʒ[/t]] n. adj. v. aged, ag•ing 1) math. cvb a) a quantity, rating, or the like that represents or approximates an arithmetic mean: a golf average in the 90 s Compare grade point average b) arithmetic mean c) a… …   From formal English to slang

  • average — /ˈævrɪdʒ/ (say avrij), /ˈævərɪdʒ / (say avuhrij) noun 1. an arithmetical mean. 2. a quantity intermediate to a set of quantities. 3. the ordinary, normal, or typical amount, rate, quality, kind, etc.; the common run. 4. Commerce a. a small charge …  

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