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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.
-MC is at its minimum when total product is at its maximum. -When marginal product is rising, marginal cost is falling. -AVC is at its minimum when at the same output level at which average product is at its maximum. -When average product is rising, average variable cost is falling.