Definition of total product average product and marginal product
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21
Heya .....
** Total product .....
--- It is the sum total of all the output produced by the variable factors along with some fixed factors.....
** Total average product....
Per unit of output produced by the variable factors is called average product....
** Marginal product ....
It is the change in total product when the one more unit of variable factor is used ....
""" Be Brainly.....
** Total product .....
--- It is the sum total of all the output produced by the variable factors along with some fixed factors.....
** Total average product....
Per unit of output produced by the variable factors is called average product....
** Marginal product ....
It is the change in total product when the one more unit of variable factor is used ....
""" Be Brainly.....
Answered by
5
total product
=> the sum of total of all the outputs produced by the variable forces
average product
=>per unit test of output produced by the variable forces
marginal product
=> the change in total product when the one more unit of variable factor is used
=> the sum of total of all the outputs produced by the variable forces
average product
=>per unit test of output produced by the variable forces
marginal product
=> the change in total product when the one more unit of variable factor is used
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