Of an input is defined as the change in output per unit of change in the input when all other inputs are held constant

(A) Marginal product
(B) Production function
(C) Total product
(D) Average product

Correct Answer : Average product
Question Asked : SSC CGL Tier-I (CBE) Exam 2017
Explanation : Average 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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Tags : Microeconomics
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