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The average product of a variable input is calculated as:

Accounting

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The average product of a variable input is calculated as:

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Any average is equal to the total divided by the quantity. The average product is equal to the total product (TR) divided by the number of units used to produce the output:

TR(I)=QAP(I)=TPI=QI

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Rizal Technological University CBET 01502A Chapter 4 1A party is related to an entity if the party directly or indirectly through one or more intermediaries Controls is controlled by or is under common control with the entity Has an interest in the entity that gives it significant influence over the entity Has joint control over the entity All of these define a related party Related parties include all of the following except Parent subsidiary and fellow subsidiaries Associate Key management personnel and close family members Two venturers simply because they share joint control A related party transaction is a transfer of resources or obligations Between related parties when a price is charged Between related parties regardless of whether a price is charged Between unrelated parties when a price is charged Between unrelated parties regardless of whether a price is charged Unrelated parties include which of the following Providers of finance in the course of their normal dealings with 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The average product of a variable input is calculated as:

Accounting

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