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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.
Marginal Cost(2 to 3) = Total Cost of Producing 3 â Total Cost of Producing 2. Looking at our data, it costs 600 to produce three goods and 390 to produce two goods. The difference between the two figures is 210, so that is our marginal cost. Sometimes your chart will give you the marginal cost, and you'll need to figure out the total cost. We might have that the cost of producing one good is 250, and the marginal cost of producing another good is 140.