Question

output per unit of variable input is :
total product
marginal product
average product
none of the above​

Answer 1

Answer :

Output per Unit Of Variable Input is :

• Average Product

Output are in 3 terms :

1. Total Product

Total Product or Total Physical Product ( TPP ) is the total output produced when a change in quantity of one variable input alone is affected while all other inputs remain constant.

2. Average Product

Average product or Average Physical Product ( APP ) is the output per unit of variable input.

$AP_{L} = \frac{ TP_{L} }{L}$

$\sf \: AP_{L} = average \: product \: of \: labour$

$\sf \: TP \: = Total \: Product$

$\sf \: L\: = Amount \: of \: Labour \: used$

3. Marginal Product

Marginal Product or Marginal Physical Product ( MPP ) is the addition made to the Total Product through the addition of one unit of a Variable unit.

$MP_{l} = TP_{l} - TP_{L- 1}$

$\sf \: \: L\: = No.of \: Units \: of \: Input \: Employed$