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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.
To increase output in the short run, a firm must increase the amount used of a variable input. Three relationships are crucial in this period. (Assuming labor is the only variable input in the following discussion.) Total Product (TP or Q) is the total amount of output produced. Marginal Product (MP) of labor is the increase in output resulting from a one-unit increase in the amount of labor employed.