Question

What is the average product of an input?​

Answer 1

Explanation:

Average product is the average output (or products) produced by each input (often, number of employees). In order to calculate average product, you simply divide total product by variable inputs.

Answer 2

Answer:

Average product is the average output (or products) produced by each input (often, number of employees). In order to calculate average product, you simply divide total product by variable inputs.