Question

Define average product?

Answer 1

Answer:

AVERAGE PRODUCT: The quantity of total output produced per unit of a variable input, holding all other inputs fixed. Average product, usually abbreviated AP, is found by dividing total product by the quantity of the variable input.

Answer 2

The quantity of total output produced for unit of a variable input, holding all other inputs fixed .Average product ,Usually abbreviated AP, is found by dividing total product by the quantity of the variable input.

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