MCQ
Which of the following equations is correct?
$(AP:$ Average product$)$
$(Q:$ Output$)$
$(L:$ Variable factor$)$
$(MP:$ Marginal Product$)$
$(AP:$ Average product$)$
$(Q:$ Output$)$
$(L:$ Variable factor$)$
$(MP:$ Marginal Product$)$
- ✓$\text{AP}=\frac{\text{Q}}{\text{L}}$
- B$\text{MP}=\frac{\text{Q}}{\Delta\text{L}}$
- C$\text{MP}=\frac{\Delta\text{Q}}{\text{L}}$
- D$\text{None of these}.$
