The average product of a variable input is calculated as:
A)total product divided by total output.
B)the change in total product divided by the change in the variable input.
C)total product divided by the change in the variable input.
D)total product divided by the total quantity of the variable input.

Question

Quizplus · Accepted Answer

The average product of a variable input is calculated by dividing the total product (total output) by the total quantity of the variable input used to produce that output.

The Average Product of a Variable Input Is Calculated As