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What is the total product of an input? - Economics

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प्रश्न

What is the total product of an input?

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उत्तर

Total product is defined as the sum total of output produced by a firm by employing a particular input. It is also known as the Total Physical Product and is represented as `"TP" = sumQ_x` Where, ∑ represents summation of all outputs and Qx represents units of output x produced by an input.

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