What is total production
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hiii,
Total product is the overall quantity of output that a firm produces, usually specified in relation to a variable input.Total product is the starting point for the analysis of short-run production. It indicates how much output a firm can produce according to the law of diminishing marginal returns
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Total product is the overall quantity of output that a firm produces, usually specified in relation to a variable input.Total product is the starting point for the analysis of short-run production. It indicates how much output a firm can produce according to the law of diminishing marginal returns
hope helps
sarabaloch:
This is correct
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