Question
Distinguish between substitute good and complementary good.
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|
|
X-seires
|
Y-series
|
|
Mean
|
15
|
28
|
|
Sum of Squares of deviations from mean
|
144
|
225
|
| Variable Input (Units) | 1 | 2 | 3 | 4 | 5 | 6 |
| Total Product (Units) | 10 | 22 | 32 | 40 | 40 | 35 |
| Output (Units) | Total Revenue (₹) | Marginal Cost (₹) |
| 1 | 9 | 15 |
| 2 | 18 | 8 |
| 3 | 27 | 9 |
| 4 | 36 | 10 |
| 5 | 45 | 11 |
|
Expenditure
|
0-10
|
10-20
|
20-30
|
30-40
|
40-50
|
|
Number of families
|
14
|
23
|
27
|
21
|
15
|