Question

Define average product????​

Answer 1

Answer:

The term average product refers to the average output (or products) produced by each input (factors of production like labor and land). It's a way for companies to measure total output produced with a particular combination of variable inputs. In our example, it's the average number of tents produced by each worker. Mike can calculate average production if he measures the company's total output of tents per each working employee it requires to make them.

Answer 2

Answer:

#⃣❤#⃣✌#⃣❤

The term average product refers to the average output (or products) produced by each input (factors of production like labor and land). It's a way for companies to measure total output produced with a particular combination of variable inputs. In our example, it's the average number of tents produced by each worker.

#⃣❤#⃣❤✌#⃣❤

Explanation:

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