###### Asked in Business & FinanceSchool SubjectsEconomics

Business & Finance

School Subjects

Economics

# What is an average product?

## Answer

###### Wiki User

###### January 31, 2011 3:14AM

it refers to the product per unit of the variable factor.

Mathematically

AP=TP/Q and i have no idea what im talking about! soo lol hahahahahahahahah! idk! dont use wiki answer its not very good! thanks!

## Related Questions

###### Asked in Business & Finance, School Subjects

### Draw a diagram with marginal product and average productExplain the relationship between marginal product and average product?

Marginal product is any input in the production process is the
increase in the quantity of output obtained from on additional unit
of the input. Average product is the output produced when one more
unit of the variable factor is employed
The relationship is state as:
If labour's marginal product is exceed its average product that
means labour's average product will be rising.
Labour's average product will be falling. If labour's marginal
product is less than its average product.
If labour's marginal product is equal its average product and
the average product will reach the minimum value at the point.

###### Asked in Business & Finance, Economics

### What is relationship between average product and marginal product?

Marginal product is equal to average product when average
product is maximum
Marginal product determines the behaviour of the Average
product. AP rises, reaches maximum and thereafter falls.
For all sections that the MP is greater than the AP, the AP
rises and MP is below AP, the AP decreases.
Marginal product reaches maximum at a lower level of employment
than does the AP

###### Asked in Math and Arithmetic

### If you know the average and product of two numbers how do you find the answer?

What's the question ? Is it to find what the two numbers are
?
Since you know their average, you know what the sum of the two
numbers is.
It's double their average.
Now you know their sum, and you know their product.
Take the product, and list all of its factors.
Find two of the factors that add up to the sum of the two
numbers.
Those are probably the two numbers you're looking for.