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.
Forbes, American business magazine owned by Forbes, Inc. Published biweekly, it features original articles on finance, industry, investing, and marketing topics. Forbes also reports on related subjects such as technology, communications, science, and law. Headquarters are in New York City. Founded in 1917 by Bertie Charles (âB.C.â) Forbes, a business columnist for William Randolph Hearstâs newspaper chain, Forbes magazine was the only major business magazine in the United States throughout the 1920s. By 1930, however, two business magazines had joined the market: Business Week and Fortune.