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Why is Mars red?
Average Product
In economics, the output produced per unit of input, used to measure productivity efficiency.
Marginal Product
The increase in output that results from a one-unit increase in the input, holding all other inputs constant.
Average Product
The output produced per unit of input, for example, the amount of goods produced per worker or per machine in a given time period.
Formula
A mathematical expression that represents relationships between variables or symbols to calculate a specific value or set of values.
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