Question

______ refers to total product per unit of variable factor.​

Answer 1

Explanation:

Average product, as the name suggests, refers to the per unit total product of the variable factor (here, labour). Hence, the calculation of Average Product is also very simple. AP = Total Product/ units of variable factor input = TP/L. Note that Total Product can also, therefore, be calculated as TP = AP x L.

Answer 2

Answer:

Avarage Product refers to total product per unit of variable factor.

Hope it helps.