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.........is defined as the output per un...

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

A

Marginal product

B

Production function

C

Total product

D

Average product

Text Solution

Verified by Experts

The correct Answer is:
D
Avergae Product is the total product or output divided by the number of input units, usually a variable input such as labour.In contrast, the marginal product is the change in output that occurs when one more unit of input (such as a unit of labour) is added.
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