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प्रश्न
What are Average product?
What is meant by average product?
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उत्तर
Average product is the production per unit of a factor, such as labor. It is expressed as APL = `(TP)/L or Q/L`, where AP = Average Product, TP = Total Product and L = Units of Labour (or other variable input)
संबंधित प्रश्न
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| Table I | Table II | ||||
| Machines | Labour | Output of A (units) | Machines | Labour | Output of B (units) |
| 5 | 10 | 1000 | 5 | 10 | 400 |
| 5 | 11 | 1150 | 10 | 20 | 800 |
| 5 | 12 | 1310 | 15 | 30 | 1200 |
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