Okay, I'm new to Adwords, although I have toyed with it in the past. Basically, I remember when I choose keywords before that I could see the average bid on the keyword, and then place my bid. However I can't seem to find this anymore. Can someone enlighten me upon finding the average bid for a keyword? Thanks!
Try this: http://www.google.com/sktool/# It's not accurate but will give you an average (usually above the real average).
I use copy and paste technique. On the adwords keywords suggestion page. They will not show the average cpc, but if your copy the "advertisers competition" bar and put it in the notepad it will display the CPC... If you don't know how to do it correctly just PM me, I'll show you how.
you can view it in adwords control panel while setting up the ad how much everyone is willing to pay for your keywords.