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Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost1 Mark
Question
What is meant by average Product (AP)?
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Answer

AP is per unit product of a variable factor.$\text{AP}=\frac{\text{Totsl Product (TP)}}{\text{Quantity of Variable Inputs}}=\frac{\text{TP}}{\text{Q}}$

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