unit cost

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Unit Cost

The amount that a company spends to produce or purchase one unit of a good or service. For example, if a company buys 100 widgets for $100, the unit cost is $1.

unit cost

see AVERAGE COST.
References in periodicals archive ?
We expect to reduce unit costs by a further 10 per cent, to below US$90 per tonne, in the 2015 financial year as we continue to increase throughput from our installed infrastructure.
From 1987 to 1988 we have seen an increase in overall unit costs of 1.