Question
Arithmetic mean is most commonly used measure of central tendency. Why?
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|
Expenditure
|
0-10
|
10-20
|
20-30
|
30-40
|
40-50
|
|
Number of families
|
14
|
23
|
27
|
21
|
15
|
| Output (Units) | Average Fixed Cost (₹) | Total Fixed Cost (₹) | Total Variable Cost (₹) | Marginal Cost (₹) |
| 0 | - | 50 | - | - |
| 1 | - | - | - | 10 |
| 2 | - | - | 18 | - |
| 3 | - | - | - | 6 |
| 4 | - | - | 32 | - |