Break-even point
total product that needs to sell to cover total costs
Long run
Break-Even Point
Break-Even Point
It is a product that is total
The total value of a product includes installing, maintenance and materials used in the creation of the product. It is the total value when making a final purchase.
The sum is the total when numbers are added together, the product is the total when they are multiplied.
Total product is the sum of all marginal products.
Average Product = (Total Product) / (Labor) Marginal Product(2) = (Total Product)(2) - (Total Product)(1)
multiply the total production and the the price of the total production mathematically Pq=QP
No. of know defects in product/ size of the product Size of product: Total lines of Code or Total FP's
Product has 3 parts which is core product, total product and amendment product and marketers add value to total product. Core product comes from manufacturer which is nothing to do with marketing and amendment product means warranty. how do they add vale to total product? it can be packaging, advertising, designing for changing customer behavior.