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| average product definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | total output divided by total units of the variable factor of production. | 2 sets | |
| 2 | the average amount produced by each unit of a variable factor of production | 2 sets | |
| 3 | total output divided by total units of the variable factor of production | 2 sets | |
| 4 | total output divided by units of the variable factor of production | 2 sets | |
| 5 | total product divided by the quantity of a factor of production. the average product of labor is total product divided by the quantity of labor employed. | 1 set | |
| 6 | total output divided by total units of the variable factor of production; tp/q; curve: increases, the gradually starts to decrease | 1 set | |
| 7 | total product/units of labor | 1 set | |
| 8 | total product divided by labor | 1 set | |
| 9 | output per worker | 1 set | |
| 10 | output per unit of lab input: ap = tp/units of labor. also called labor productivity or simply, "ap". | 1 set | |
| 11 | output per unit of labor input (tp/units of labor) | 1 set | |
| 12 | total product (output) divided by the number of units of the varible input | 1 set | |
| 13 | output per unit of a particular input | 1 set | |
| 14 | the quantity of output per unit of factor input. it is the total product difided by the level of output | 1 set | |
| 15 | total product per labor unit | 1 set | |
| 16 | total product divided by the number of units of the variable factor used in its production. | 1 set | |
| 17 | the total product (output) divided by the number of units of the variable input required to produce that output level. | 1 set | |
| 18 | aka labor productivity; output per unit of labor | 1 set | |
| 19 | output per worker. | 1 set | |