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the total product divided by quantity

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15y ago

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How a product and a sum are alike and how they are different?

A product is the answer of a multiplication equation. A sum is the answer of an addition equation.


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What is the product?

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What is the name of the answer to a multiplication equation?

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The average product (AP) is at its maximum when the marginal product (MP) equals the average product. This point occurs because, before reaching the maximum, the marginal product is greater than the average product, which pulls the average up. Once the marginal product falls below the average product, it begins to pull the average down. Thus, the maximum average product occurs at the point where MP intersects AP.


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