Question
What is combined mean? How is it calculated?
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There are four consumers of a fruit called smile. They are: Isla, Ifraah, Ila and Ibema. Their demand curves for smile are given below. Derive the market demand curve.
| Price (₹) | Quantity Demanded by Isla (Units) | Quantity Demanded by Ifraah(Units) | Quantity Demanded by Ila (Units) | Quantity Demanded by Ibema (Units) |
| 1 | 16 | 7 | 15 | 8 |
| 2 | 11 | 6 | 12 | 6 |
| 3 | 7 | 5 | 9 | 4 |
| 4 | 4 | 4 | 6 | 2 |
| 5 | 2 | 3 | 3 | 0 |
| 6 | 1 | 2 | 0 | 0 |
| Output (Units) | Average Revenue (₹) | Total Revenue (₹) | Marginal Revenue (₹) |
| 1 | 20 | - | - |
| 2 | - | 36 | - |
| 3 | - | - | 9 |
| 4 | 13 | 52 | - |
| 5 | - | - | -2 |
|
X
|
Frequency (f)
|
|
5
|
5
|
|
10
|
7
|
|
15
|
?
|
|
20
|
10
|
|
25
|
8
|
|
30
|
6
|
|
|
$\sum\text{f}=50$
|