Question

The average amount of output produced by each labor employed is

Select one:

a. Production function

b. Total Product

c. Marginal Product

d. Average Product
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Answer 1

Answer:

1. AmosWEB means Economics with a Touch of Whimsy!
2. AmosWEB means Economics with a Touch of Whimsy! TOTAL PRODUCT AND AVERAGE PRODUCT: A graphical connection between the total product curve and the average product curve stating that the slope of a line between the origin and any point on the total product curve is equal to the average product.

Explanation:

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Answer 2

Answer:

amosweb means economy with a touch of whismy