Question
Define demand. State the factors affecting demand for a commodity by a consumer-
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| Units of Labour | TP | AP | MP |
| 1 | - | - | 100 |
| 2 | - | - | 120 |
| 3 | - | - | 80 |
| 4 | - | - | 60 |
| 5 | - | - | 0 |
| 6 | - | - | -60 |
| Output (Units) | Total Variable Cost (₹) | Average Variable Cost (₹) | Marginal Cost (₹) |
| 1 | 20 | - | - |
| - | - | 16 | 12 |
| 3 | 54 | - | - |
| - | - | 20 | 26 |