it refers to the product per unit of the variable factor.
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!
of 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.
If average product is decreasing then?
Average Product = (Total Product) / (Labor) Marginal Product(2) = (Total Product)(2) - (Total Product)(1)
Just remember that marginal always leads average. Whatever the marginal product does the average will always do the same soon after.
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.
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
why average product labour never gets to zero
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.
it is nothing.
marginal product is always decreasing the average is always above!.
We can think about this problem as both side that is long term and short term. This relation is invers ratio, I mean, If average cost increase, average product should decrease.
The average cost of this product is about 1,500 USD.
that will be false! hope this helps!
Because the Almighty Gaylord Focker wanted it that way. HALLELUJAH!!
That depends on the product chosen.
The average Lentek Mosquito Trap prices for aroun 20.00. This product has recieved excellent reviews and appears to be an excellent product for the money you pay for it.
Consistent product cost is used.
e x s
The avaerage cost is about $40 for this product.
This is the income that the average consumer will be able to purchase. This is not the money that is available for just your product.
The average price for a MP3 FM Tuner can be checked out Amazon.com. You can search for the best product that fits your needs, check out the review of the product and compare prices with various sellers.
it is at its minimum