What is the product of the following reaction?
Definitions:
Average Product
The output produced per unit of input used, calculated by dividing total output by the quantity of inputs.
Labor
The effort by humans to produce goods or services in the economy.
Marginal Product
The extra output produced from using an additional unit of a specific input while keeping all other inputs unchanged.
Average Product
The output per unit of input, for example, the quantity of goods produced per labor hour, indicating overall productivity.
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