Per unit production of the variable factor is called:
1 point
(a) Total product
(b) Average product
(c) Marginal product
(d) none of these
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Answer:
total production
Explanation:
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Answer:
(b) average product
Explanation:
it is defined as the output per unit of factor inputs or the average of the product per unit of input and can be calculated by dividing the total product by the inputs (variable factors )
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