Average product of a factor - short period analysis, Microeconomics

Average Product (AP) of a Factor:

The productivity of a factor is often seen in terms of its average contribution. Although not very important in the theoretical discussions, where analytical insight is tried to be drawn from marginal productivities, average productivity finds a platform in empirical evaluations. Deriving it from the total product is relatively easy. It is the output per unit of a factor.   

735_Average Product (AP) of a Factor.png

Posted Date: 10/26/2012 6:08:15 AM | Location : United States

Related Discussions:- Average product of a factor - short period analysis, Assignment Help, Ask Question on Average product of a factor - short period analysis, Get Answer, Expert's Help, Average product of a factor - short period analysis Discussions

Write discussion on Average product of a factor - short period analysis
Your posts are moderated
Related Questions
Consider a television manufacturer based in Korea. It produces TVs in Korea at a total cost of Y 2 + 2 Y where Y is the number of televisions they produce in Korea. It can als

what is stagnation thesis?

Risk Averse:   -  A person who prefers certain given income to risky income with same expected value. - A person is careful risk averse if they have a diminishing marginal ut

what is budget line?show the shift in the budget line

What is the optimal consumption bundle and marginal utility per dollar? The optimal consumption bundle is the consumption bundle which maximizes a consumer's total utility sp

RATIONAL EXPECTATIONS AND ECONOMIC THEORY  : Much of undergraduate macroeconomic theory is discussed on the assumption that, in the short run, the expectations of economic age

You are a commuter student at a local university. Because of the steep rise in gasoline prices, your parents decide to give you enough additional weekly cash so that you can affor

Changing the Surveillance Framework: Part of the challenge entails reorienting surveillance, the process through which the BW institutions policy advice is delivered, to make

Economic Ef ficiency The effort to making products and services in the least costly way without sacrificing excellence.

In June 2009, Textile co. (a domestically located firm) purchased 1000 yards of cloth from India (a foreign country) for $1000. Textile co. hired Elizabeth and paid her $5000 to s