Question
Distinguish among total, average and marginal revenue curves.
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|
Life
|
No. of bulbs
|
|
|
(in hrs.)
|
Brand A
|
Brand B
|
|
0-50
|
15
|
2
|
|
50-100
|
20
|
8
|
|
100-150
|
18
|
60
|
|
150-200
|
25
|
25
|
|
200-250
|
22
|
5
|
|
|
100
|
100
|
|
Commodity Group
|
Export (in %)
|
|
Agriculture
|
17.3
|
|
Minerals
|
2.6
|
|
Manufactured goods
|
77.8
|
|
Petroleum products
|
0.3
|
|
Others
|
2.0
|
|
Total
|
100
|
| Price (₹) | Demand of Rahul (Units) | Demand of Rohan (Units) | Demand of Rohit (Units) |
| 1 | 7 | 10 | 12 |
| 2 | 6 | 8 | 9 |
| 3 | 5 | 6 | 7 |
| 4 | 4 | 4 | 5 |
| 5 | 3 | 2 | 3 |
| Wages (in ₹) | Number of Workers | |
| Frim A | Frim B | |
| 50-70 | 20 | 150 |
| 70-90 | 15 | 100 |
| 90-110 | 20 | 90 |
| 110-130 | 25 | 110 |
| 130-150 | 20 | 50 |