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monetary value vs average cost

average cost vs monetary value

monetary value and average cost both are nouns.

Word NounAdjectiveVerbAdverb
monetary value Yes No No No
average cost Yes No No No
As nouns, average cost is a hyponym of monetary value; that is, average cost is a word with a more specific, narrower meaning than monetary value:
  • monetary value: the property of having material worth (often indicated by the amount of money something would bring if sold)
  • average cost: total cost for all units bought (or produced) divided by the number of units
monetary value (noun) average cost (noun)
the property of having material worth (often indicated by the amount of money something would bring if sold) total cost for all units bought (or produced) divided by the number of units
Difference between monetary value and average cost

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