Match the appropriate definition with the correct term.
: the average productivity of each unit of input
Solution
1 : Total Physical Product : the amount of additional total physical product obtained from using an additional unit of input
2 : Average Physical Product : the average productivity of each unit of input
3 : Marginal Physical Product:the relationship between output and one variable input holding all other inputs constant
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Match the appropriate definition with the correct term- - the average.docx
1. Match the appropriate definition with the correct term.
: the average productivity of each unit of input
Potential Matches:
1 : Total Physical Product
2 : Average Physical Product
3 : Marginal Physical Product
Solution
1 : Total Physical Product : the amount of additional total physical product obtained from
using an additional unit of input
2 : Average Physical Product : the average productivity of each unit of input
3 : Marginal Physical Product:the relationship between output and one variable input
holding all other inputs constant
