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Question:

What is the total product of input?

Answer:

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= ∑ Q2 Where, ∑ represents summation of all outputs and Qx represents units of output x produced by an input.


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  • Answered by Ekta Mehta
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