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What is total product,average product,marginal product?
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What is total product,average product,marginal product?
TP = THE TOTAL OUTPUT PRODUCED BY GIVEN VARIABLE INPUT CONSIDERING OTHER FACTORS CONSTANT..... TP= ΣMP.. .AP= OUTPUT PRODUCED PER UNIT OF VARIABLE INPUT.... AP=TP/Q where Q= labour(variable factor)... MP= OUTPUT PRODUCED ON EMPLOYINH ADDITIONAL UNIT OF VARIABLE INPUT. MP= TPn - TPn-1
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What is total product,average product,marginal product?
Total product is the sum total of output of each unit of variable factor used in the process of production
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What is total product,average product,marginal product? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What is total product,average product,marginal product? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is total product,average product,marginal product?.
What is total product,average product,marginal product? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What is total product,average product,marginal product? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is total product,average product,marginal product?.
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