Which of the following equations is correct AP Average product Q Output L Variable factor MP Ma...........

Which of the following equations is correct ?

(AP= Average product)

(Q= Output)

(L=Variable factor)

(MP= Marginal Product)

AP=Q/L

MP=Q/?L

MP= ?Q/L

None of these

- Option 1: AP = Q/L

- This is the correct equation.

- Average Product (AP) is calculated by dividing the total output (Q) by the quantity of the variable factor (L).

- Correct answer

- Option 2: MP = Q/?L

- This representation is incorrect for marginal product.

- It seems to incorrectly divide total output by an unknown factor.

- Option 3: MP = ?Q/L

- This also is not correct for expressing marginal product.

- It implies a division of unknown output change by labor.

- Option 4: None of these

- This option isn't needed as Option 1 is correct.

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