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 released The Collection, a fashion app for iPad, which houses all fashion journalism from NYTimes.com, Thursday and Sunday Styles, T Magazine, The Moment and the International Herald Tribune.