# What is the equation of total product?

It is defined as the output per unit of factor inputs or the average of the total product per unit of input and can be calculated by dividing the Total Product by the inputs (varia

It is defined as the output per unit of factor inputs or the average of the **total product** per unit of input and can be calculated by dividing the **Total Product** by the inputs (variable factors).

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Also know, what is the total product?

**Total product** is the overall quantity of **output** that a firm produces, usually specified in relation to a variable input. **Total product** is the starting point for the analysis of short-run **production**. It indicates how much **output** a firm can produce according to the law of diminishing marginal returns.

Also Know, what is total product marginal product and average product? **Total product** is the **total** amount produced per a set of resources, **average product** is the **average** cost per unit produced per set of resources, and **marginal product** is the cost for the very next unit to be produced in resources.

Also question is, how do you find the total output?

**Total output** can be measured two ways: as the sum of the values of final goods and services produced and as the sum of values added at each stage of production. GDP plus net income received from other countries equals GNP. GNP is the measure of **output** typically used to compare incomes generated by different economies.

How do you calculate average product of labor?

The **average product of labor** gives a general **measure** of output per worker, and it is **calculated** by dividing total output (q) by the number of workers used to produce that output (L).