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Total product is the amount of output produced in physical units from the input of x

Figure: Total product curve

Each curve gives the relationship between q & x

Ap is the quantity of total output produced per unit of a variable input, holding all other inputs fixed. It is found by dividing total product by the quantity of the variable input.

AP = q/x

MP is the change in the quantity of total product resulting from a unit change in a variable input, keeping all other inputs unchanged. It is found by dividing the change in total product by the change in the variable input.

MP = δq/δx

1. Class Note

2. Amosweb

**Total Product (TP):**Total product is the amount of output produced in physical units from the input of x

_{1}if x_{2}is assigned the fixed value of x_{2}^{o}.Figure: Total product curve

Each curve gives the relationship between q & x

_{1}for a different value of x_{2}^{o}.**Average product (AP):**Ap is the quantity of total output produced per unit of a variable input, holding all other inputs fixed. It is found by dividing total product by the quantity of the variable input.

AP = q/x

_{1}= f (x_{1}, x_{2}^{o})/x_{1}**Marginal Product (MP) :**MP is the change in the quantity of total product resulting from a unit change in a variable input, keeping all other inputs unchanged. It is found by dividing the change in total product by the change in the variable input.

MP = δq/δx

_{1}= f_{1}(x_{1}, x_{2}^{o})**Source**:1. Class Note

2. Amosweb

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