Question
State some demerits of Mode.
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| Quantity Sold | TR | MR | AR |
| 0 | |||
| 1 | |||
| 2 | |||
| 3 | |||
| 4 | |||
| 5 | |||
| 6 |
|
Marks
|
10
|
20
|
30
|
40
|
50
|
60
|
|
No. of Students
|
4
|
10
|
20
|
8
|
6
|
3
|
| Output (Units) | Marginal Revenue (₹) | Total Revenue (₹) | Average Revenue(₹) |
| 1 | 10 | - | - |
| 2 | 8 | - | - |
| 3 | 0 | - | - |
| 4 | -2 | - | - |
| Output (Units) | Total Revenue (₹) | Marginal Cost (₹) |
| 1 | 15 | 14 |
| 2 | 16 | 24 |
| 3 | 17 | 30 |
| 4 | 18 | 51 |
| 5 | 19 | 75 |
| L | 1 | 2 | 3 | 4 | 5 | 6 |
| MP<sub>L</sub> | 3 | 5 | 7 | 5 | 3 | 1 |