Answer :

Average product means dividing the total product by total number of units of variable factors, it is also known as per unit product of a variable factor.

The mathematical expression for Average Product (AP) is –

AP = Total Product/Units of Variable Factor

Let's go through the following product schedule to understand it –

The average product can never be zero.

Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
view all courses

Define fixed costEconomics - Board Papers

When the total fiEconomics - Board Papers

<span lang="EN-GBEconomics - Board Papers