Average Product
Tags: #Economics #MicroeconomicsEquation
$$\text{AP} = \frac{\text{Total Product}}{\text{Quantity of Input}}$$Latex Code
\text{AP} = \frac{\text{Total Product}}{\text{Quantity of Input}}
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Introduction
Equation
Latex Code
\text{AP} = \frac{\text{Total Product}}{\text{Quantity of Input}}
Explanation
Latex code for the Average Product. I will briefly introduce the notations in this formulation.
: Average Product
: Total Product
: Quantity of Input
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