If you are new to degree days, you might want to skip straight to the brief introduction at the bottom of this page. You might also want to find out why 5,000+ energy professionals get data from here each month (and often a lot more frequently).
Your posts are moderated. Average product and marginal product: Average product (AP) is the output per unit of the variable factor employed. In other words, it is the productivity of the variable factor (VF). It is measured by dividing total product (TP) by amount of variable factor employed.i.e.verage product and marginal product: Average product (AP) is the output per unit of the variable factor employed. In other words, it is the productivity of the variable factor (VF). It is measured by dividing total product (TP) by amount of variable factor employed. i.e.
8 DIMINISHING RETURNS OVERVIEW 1. The short run is a period of time in which at least one factor of production is fixed. In the long run, all factors are variable. 2. Total product tells the amount of output produced for each quantity of a variable input. The marginal product tells the change in the total product when the variable