Question

    The average output obtained per unit of a specific input

    (like labor or fertilizer) used in the production process is called the:
    A Marginal product of x Correct Answer Incorrect Answer
    B Average physical product of x Correct Answer Incorrect Answer
    C Marginal physical product of x Correct Answer Incorrect Answer
    D Marginal product of y Correct Answer Incorrect Answer
    E Total product Correct Answer Incorrect Answer

    Solution

    The Average Physical Product (APP) is calculated by dividing total output by the quantity of input used. It provides insights into efficiency and productivity of inputs.

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