{"id":323,"date":"2020-03-24T04:51:34","date_gmt":"2020-03-24T04:51:34","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/chapter\/learning-outcome-marginal-average-and-total-product\/"},"modified":"2023-05-22T19:20:59","modified_gmt":"2023-05-22T19:20:59","slug":"learning-outcome-marginal-average-and-total-product","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/chapter\/learning-outcome-marginal-average-and-total-product\/","title":{"raw":"Outcome: Marginal, Average, and Total Product","rendered":"Outcome: Marginal, Average, and Total Product"},"content":{"raw":"<h2>What you'll learn to do:&nbsp;define and differentiate between marginal, average, and total product; compute and graph marginal, average, and total product<\/h2>\nIn this section,&nbsp;you'll learn more about the types of decisions that firms face in the short-run. A firm must consider their marginal, average, and total products to help determine&nbsp;how much they could and should produce.\n\nThe specific things you\u2019ll learn to do in this section include:\n<ul>\n\t<li>Explain diminishing marginal product and diminishing marginal returns<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\nThe learning activities for this section include:\n<ul>\n\t<li>Reading: Production Choices and Costs<\/li>\n\t<li>Self Check: Marginal, Average, and Total Product<\/li>\n<\/ul>\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you&#8217;ll learn to do:&nbsp;define and differentiate between marginal, average, and total product; compute and graph marginal, average, and total product<\/h2>\n<p>In this section,&nbsp;you&#8217;ll learn more about the types of decisions that firms face in the short-run. A firm must consider their marginal, average, and total products to help determine&nbsp;how much they could and should produce.<\/p>\n<p>The specific things you\u2019ll learn to do in this section include:<\/p>\n<ul>\n<li>Explain diminishing marginal product and diminishing marginal returns<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include:<\/p>\n<ul>\n<li>Reading: Production Choices and Costs<\/li>\n<li>Self Check: Marginal, Average, and Total Product<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n","protected":false},"author":32,"menu_order":5,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-323","chapter","type-chapter","status-publish","hentry"],"part":314,"_links":{"self":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/users\/32"}],"version-history":[{"count":1,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/323\/revisions"}],"predecessor-version":[{"id":324,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/323\/revisions\/324"}],"part":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/parts\/314"}],"metadata":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/323\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/media?parent=323"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapter-type?post=323"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/contributor?post=323"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/license?post=323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}