Economy, asked by atulrajaaa, 1 year ago

Q. What is average product?

Q. What is its formula?

fast pls

Answers

Answered by Akash7766
8
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\mathfrak{\blue{Q.}}What is average product?

\mathfrak{\blue{Ans.}} 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.

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\mathfrak{\blue{Q.}}What is its formula?

\mathfrak{\blue{Ans.}}

AP = ∆TP / ∆N

Here,
AP = average product
∆TP = change in total product
∆N = changing factor input that caused TP to change

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Akash7766: welo
Answered by akashgang
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

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