Q. What is average product?
Q. What is its formula?
fast pls
Answers
Answered by
8
━━━━━━━━━━━━━━━━━━━
What is average product?
Average product of a factor is the total product divided by the number of units of a factor.
Thus, average product or average physical product means the path unit or output of a variable input.
━━━━━━━━━━━━━━━━━━━
What is its formula?
AP = ∆TP / ∆N
Here,
AP = average product
∆TP = change in total product
∆N = changing factor input that caused TP to change
━━━━━━━━━━━━━━━━━━━
Akash7766:
welo
Answered by
3
HI HERE IS THE ANSWER
1average product is the quality of total output produced per unit of a variable input, holding all other inputs fixed.
2 REFER TO PIC
1average product is the quality of total output produced per unit of a variable input, holding all other inputs fixed.
2 REFER TO PIC
Attachments:
Similar questions