The AP of an input at some given quantity of the input is not:
A)total product divided by the quantity of the input.
B)the slope of a ray from the origin to the total product function.
C)output divided by the quantity of the input.
D)the rate at which output increases as more of the input is used.

Question

Quizplus · Accepted Answer

The Average Product (AP) of an input is defined as the total output (or total product) divided by the quantity of the input used. It is not the rate at which output increases as more of the input is used; that description applies to the Marginal Product (MP) of an input.

The AP of an Input at Some Given Quantity of the Input