Average product measures your productivity with a particular number of workers. To calculate the average product, you need the total product. For example, the total product for a factory might be the ...

Businesses that manufacture goods often need to calculate rates and efficiencies that tell them whether things are going well. This calculation is relatively straightforward for companies that produce ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...