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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!
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∙ 13y ago
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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.
Why marginal product curve intersect the average product curve at the maximum?
of average product.
Relationship between Tota Product Marginal Product and Average Product?
Average Product = (Total Product) / (Labor) Marginal Product(2) = (Total Product)(2) - (Total Product)(1)
Define total product and average product?
Total product is a term used to measure exactly how much product is made or sold. Average product is used to compare the making or selling of a product over time.
What is relationship between average product and marginal product?
Marginal product is equal to average product when average product is maximumMarginal 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
What is the average price of a moleskin product?
The average price of a moleskin product ranges from two to ten dollars, depending on the product. Most appear to be used for foot care and are lower in that average.
Why the average product increases but never reaches zero?
why average product labour never gets to zero
What is the equation for average product?
the total product divided by quantity
Define average product?
Average product defined as- dividing total production of inputted variables by number of inputted variables. For example- average product of 3,5,7,9 is-(3+5+7+9)/4= 6.
What is average product with an example?
it is nothing.
When average product is highest Options Total product is maximum Marginal product is maximum Marginal product is zero Marginal product is negative?
Negative
Is average product never negative?
Not true.
