Question

What is marginal product and average product?

Answer 1

Marginal Equal To Average: The point of intersection between themarginal product and average product curves is also the peak of the average product curve. If the productivity of the marginalworker is equal to the average productivity of the existing workers, then the average does not change.

Answer 2

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Average product → It is defined as the output per unit of variable inputs

Marginal product→ it is the change in output per unit of change in the input when all other inputs are held constants.