The cost theory of microeconomics includes a study of total, average and marginal product. Total product : is defined as the total quantity of output produced by a firm in the given inputs. Average Product is defined as the Average produced by every worker. when we divide the total product by output we get average product .
The New York Times is owned by The New York Times Company. Arthur Ochs Sulzberger, Jr., the Publisher and the Chairman of the Board, is a member of the Ochs-Sulzberger family that has controlled the paper since 1896.
The New York Times became a member shortly after its founding in September 1851. Initially known as the New York Associated Press (NYAP), the organization faced competition from the Western Associated Press (1862), which criticized its monopolistic news gathering and price setting practices.