SELECT * FROM question_mgmt as q WHERE id=10249 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=60 AND chapterId=610 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED) CBSE Free NCERT Solution of 12th micro-economics Production and Costs what is the average product of an input nbsp

Question:

What is the average product of an input? 

Answer:

Average product is defined as the output produced by per unit of variable factor (labour) employed. Algebraically, it is defined as the ratio of the total product by units of labour employed to produce the output, i.e. AP =
Where,
TP = Total Product
L = units of labour employed


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