Economy, asked by manasagarwal11, 4 months ago

What is meant by Average Product​

Answers

Answered by MadihaNalband
7

Answer:

It is defined as the output per unit of factor inputs or the average of the total product per unit of input and can be calculated by dividing the Total Product by the inputs (variable factors). Average Product = Total Product/ Units of Variable Factor Input.

Explanation:

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