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Total product (TP) can be calculated by multiplying:
  • a)
    Average product (AP) by marginal product (MP)
  • b)
    Marginal product (MP) by fixed cost (FC)
  • c)
    Average product (AP) by variable cost (VC)
  • d)
    Marginal product (MP) by quantity of variable input
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Total product (TP) can be calculated by multiplying:a)Average product ...
Total product (TP) is calculated by multiplying the marginal product (MP) by the quantity of the variable input. The marginal product represents the additional output produced by each additional unit of the variable input.
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Total product (TP) can be calculated by multiplying:a)Average product (AP) by marginal product (MP)b)Marginal product (MP) by fixed cost (FC)c)Average product (AP) by variable cost (VC)d)Marginal product (MP) by quantity of variable inputCorrect answer is option 'D'. Can you explain this answer?
Question Description
Total product (TP) can be calculated by multiplying:a)Average product (AP) by marginal product (MP)b)Marginal product (MP) by fixed cost (FC)c)Average product (AP) by variable cost (VC)d)Marginal product (MP) by quantity of variable inputCorrect answer is option 'D'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about Total product (TP) can be calculated by multiplying:a)Average product (AP) by marginal product (MP)b)Marginal product (MP) by fixed cost (FC)c)Average product (AP) by variable cost (VC)d)Marginal product (MP) by quantity of variable inputCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Total product (TP) can be calculated by multiplying:a)Average product (AP) by marginal product (MP)b)Marginal product (MP) by fixed cost (FC)c)Average product (AP) by variable cost (VC)d)Marginal product (MP) by quantity of variable inputCorrect answer is option 'D'. Can you explain this answer?.
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