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Define average product. - Economics

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प्रश्न

Define average product.

व्याख्या
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उत्तर

Average product is the number of units produced from a single unit of production. In other words, it’s a productivity measure that shows how productive factors of production are by comparing the total product produced and the number of inputs needed to produce a product.

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पाठ 22: Model Short Answer Questions - MODEL SHORT ANSWER QUESTIONS [पृष्ठ ४६३]

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फ्रँक Economics [English] Class 12 ISC
पाठ 22 Model Short Answer Questions
MODEL SHORT ANSWER QUESTIONS | Q 80. (i) | पृष्ठ ४६३
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