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.
The Production Function. â¢ Diminishing marginal product is the property. whereby the marginal product of an input. declines as the quantity of the input increases. â¢ Example: As more and more workers are hired at a. firm, each additional worker contributes less and. less to production because the firm has a limited.