Question

Distinguish between average product and marginal product of an input?​

Answer 1

Answer:

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. In other ways, marginal product leads to an increase of total product with the help of additional worker or input.

Explanation:

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Answer 2

Answer:

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. In other ways, Marginal product leads to an increase of total product with the help of additional worker or input