1 This will display the dropdown with suggested places in New York (US); Select the desired Address /Place /City /Village /Town /Airport from both the dropdown lists. 2  Click the Get Distance & Directions button to get the distance between the selected addresses /places /cities /towns /villages /airports in New York (US).
Total output is measured by the money (dollar) value of all final goods and services produced by an economy during a given period of time, usually a year. Total output includes the values of goods produced, like CD players and houses, and the value of services, like haircuts and teachers' salaries.
To increase output in the short run, a firm must increase the amount used of a variable input. Three relationships are crucial in this period. (Assuming labor is the only variable input in the following discussion.) Total Product (TP or Q) is the total amount of output produced. Marginal Product (MP) of labor is the increase in output resulting from a one-unit increase in the amount of labor employed.