Professional Courses
Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.
Categories
Interactive Games
Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.
Typing
Memory
Math
English Adventures
Knowledge
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the formula for Average Product?
💡 Hint: AP stands for Average Product, think how it relates to total output.
Question 2
Easy
If a company produces 60 units of output with 6 inputs, what is the Average Product?
💡 Hint: Use the formula: AP = TP divided by number of inputs.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is Average Product?
- Total output divided by the number of inputs
- Total inputs divided by output
- Total selling price per unit
💡 Hint: Think about how we measure efficiency in production.
Question 2
True or False: Average Product can decrease when Marginal Product is greater than Average Product.
- True
- False
💡 Hint: Recall the relationship between MP and AP.
Solve and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A factory produces 500 units of goods with 20 workers. Suddenly, they add 5 more workers and output grows to 600 units. Calculate the Average Product pre and post staffing change.
💡 Hint: Apply AP formula before and after change.
Question 2
Explain the implications for a firm that sees a rising Average Product and declining Marginal Product. What could this indicate about efficiency?
💡 Hint: Think about balance between efficiency and diminishing returns.
Challenge and get performance evaluation