Economy, asked by bdeori725, 3 months ago

calculate marginal product and average product with the help of the following table see lasson 7​

Answers

Answered by alfieludhika
0

Answer:

How do you calculate marginal product and average product?

It is output per unit of inputs of variable factors. Average Product (AP)= Total Product (TP)/ Labour (L). It denotes the addition of variable factor to total product. Thus, Marginal product= Changed output/ changed input.

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