Number of firms 11. From the following data calculate average profits. Profits Number of Firms Loss ) 5000-6000 15 0-1000 15 4000-5000 16 20 1000-2000 3000-4000 35 2000-3000 18 2000-3000 15 3000-4000 13 1000-2000 5 4000-5000 12 0-1000 6 Total =170
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Answer- 10% of profit and 20% losss
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Answer:
average profit= Rs982.353
Explanation:
the loss will always be negative.
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