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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.
1 Similar to marginal revenue, marginal cost is found by dividing the change in the overall production costs for producing one additional product by the change in the number of products produced. 2  In our example, let's say that it costs Kim's $0.25 to produce each can of soda.