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    Question

    _________ is an average amount of output produced by each corresponding units of inputs. It is also defined as the total physical product or output per unit of variable input.

    A Total Physical Product (TPP) Correct Answer Incorrect Answer
    B Average Physical Product (APP) Correct Answer Incorrect Answer
    C Marginal Physical Product (MPP) Correct Answer Incorrect Answer
    D Elasticity of Production (EP): Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    APP= (Total Physical Product) / (output Input Level/variable )

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