The average product is the A

Economics Dec 07, 2020

The average product is the

A. maximum output attainable with fixed factors and one variable factor.

B. total product per unit of an input.

C. change in the total product due to a one unit change in input.

D. total product divided by the total cost.

Expert Solution

The average product is the total product per unit of input. It is for the most part the quantity of total output produced for a per-unit variable input keeping other inputs fixed. Thus, it is the per-unit production of a firm.

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