For a continuous total product function, average product equals the:
A)inflection point of the total product curve.
B)inflection point of the average product curve.
C)slope of a line drawn from the origin to a point on the total product curve.
D)slope of the total product curve.

Question

Quizplus · Accepted Answer

The average product is calculated by dividing the total product by the quantity of the input used to produce this product. Graphically, this is represented by the slope of a line drawn from the origin to a particular point on the total product curve. This slope gives the average product of an input at that level of production.

For a Continuous Total Product Function, Average Product Equals The