Question

    __________ is defined as the output per unit of variable input.

    A Capital products Correct Answer Incorrect Answer
    B Average product Correct Answer Incorrect Answer
    C Gross product Correct Answer Incorrect Answer
    D Net product Correct Answer Incorrect Answer

    Solution

    Average Product: It is defined as the output per unit of variable input.

    Practice Next

    Relevant for Exams:

    ×
    ×