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What does Total Product (TP) mean in production?

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Question

What does Total Product (TP) mean in production?

Options

  • Total pens made by all workers

  • Average pens made by one worker

  • Extra pens made by adding one more worker

  • Decrease in production when more workers join

MCQ
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Solution

Total pens made by all workers

Explanation:

TP is the total number of goods produced by a set number of workers and machines.

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