Applied Econ

JMJ
NOTRE DAME – SIENA COLLEGE OF TACURONG

CITY OF TACURONG
SENIOR HIGH SCHOOL
SECOND SEMESTER 2018-2019
FINAL EXAMINATION
NAME: _________________________________ DATE: ____________________

GRADE: ____________ STRAND: _________________
SUBJECT: Applied Economics TEACHER: GERMANO N. GAMBOL III
RAW SCORE: ______________
“My help comes from the Lord, the Maker of heaven and earth.”
Psalm 121:2
TEST I. Complete the matrix with the correct answer. (12 points)
From the demand function
Point Price Qd
Qd = 400 – 2 P. Complete A 200 _____
B _____ 100
the demand schedule weight C 125 _____
of mangosteen . D _____ 200
E _____ 250
F 50 _____
From the demand function

Point Price Qd
Qd = 200 – 2 P. Complete A 100 _____
B _____ 90
the demand schedule weight C 75 _____
of mangoes. D _____ 200
E _____ 350
F 30 _____
TEST II. Study the graphic illustration of demand and supply and answer the following questions. (20
points)
_____ 1. What are the two points that show surplus?

_____ 2. How much is the price of equilibrium?
_____ 3. How many quantity of product is short?
_____ 4. In what points do supply show?
_____ 5. How much is floor price?
_____ 6. From price ceiling, how much is the increase of price from
imposing price support?
_____ 7. How many quantity of demand from imposing floor price?
_____ 8. What is the point that shows supply from price ceiling?
_____ 9. How many is the quantity of equilibrium?
_____ 10. How many are excess products?
TEST III. Identification. Identify what is referred to in the following. Write your answer on the space
provided. (1point each)
_________________ 1.It refers to the use of economic resources to create goods and services that
will be used to satisfy human wants.
_________________ 2. It refers to the product created as a result of the combination of input in the
production process.
_________________ 3. Is the combined production of several units of a given input.
_________________ 4. It refers to the average contribution per unit of input and is equal to TP/i.
_________________ 5. Is the additional output produced by an additional unit of the input and is
equal to ΔTP/Δi.
_________________ 6. Is the person who buys the product business offers for sale.
_________________ 7. It refers to the use of goods and services to satisfy human wants directly.
_________________ 8. Is the term used for satisfaction.
Page 1, 12 ABM & GAS – App. Econ
TEST IV. Find the solution and complete the chart. (20 points)
TP TFC TVC TC AFC AVC ATC MC
0 50 0 50 0 0 0 ---
1 50 54 5._____ 8._____ 54 104 54
2 50 60 110 25 30 18.____ 6
3 50 68 6._____ 9._____ 22.7 39.3 20.____
4 50 2._____ 124 12.5 14._____ 31 6
5 50 78 128 10._____ 15._____ 25.6 4
6 50 3._____ 135 11._____ 14.2 19.____ 7
7 1._____ 91 141 7.1 16._____ 20.1 6
8 50 97 7._____ 12._____ 12.1 18.4 6
9 50 4._____ 152 5.6 17._____ 16.9 5
10 50 113 163 13._____ 11.3 16.3 11
TEST V. Find the Price Elasticity of the following and determine whether it is Elastic, Inelastic
and Unitary. (5 Points each)
1. Q1 = 20 P1 = 30 2. Q1 = 120 P1 = 50
Q2 = 10 P2 = 60 Q2 = 200 P2 = 90
3. Q1 = 10 P1 = 15 4. Q1 = 70 P1 = 60
Q2 = 30 P2 = 20 Q2 = 100 P2 = 70
GOOD LUCK AND GOD BLESS

Page 2, 12 ABM & GAS – App. Econ
J.M.J.
NOTRE DAME-SIENA COLLEGE OF TACURONG
TACURONG CITY
S.Y. 2018-2019
TABLE OF SPECIFICATION
SECOND SEMESTER
FINAL EXAMINATION – APPLIED ECONOMICS 12
TOPICS INSTRUCTIONAL Number LOWER HIGHER Item

OBJECTIVE of Test LEVEL: LEVEL: Placement
Items: Knowledge Application
Recall Analysis
Identification Evaluation
Comprehension Synthesis
Concept of Find for the

Demand solution of 12 Computation Test I
demand
Industry and Analyze graph

Environmental from the different 20 Identification Test II
Analysis: factors that
Business affecting industry
opportunity
identification
Industry and
Environmental Identify different
Analysis: strategies in 8 Identification Test III
Business establishing
opportunity business
identification
The Computation of
Production different expenses Computation
Theory in producing 20 Test IV
products
Price Computing the 20 Computation Test V
Elasticity elasticity of Price
TOTAL 80
PREPARED BY:
GERMANO N. GAMBOL III CHECKED BY:

Subject Teacher
ROSALINA F. PARIOL
NOTED BY: Subject Area Team Head
MARY MYLENE J. TACOT APPROVED:

Assistant Principal for Academics
SR. ERLINDA M. MURING, OP
Director-Principal

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JMJ

NOTRE DAME – SIENA COLLEGE OF TACURONG

NAME: _________________________________ DATE: ____________________

From the demand function

_____ 1. What are the two points that show surplus?

TP TFC TVC TC AFC AVC ATC MC

1 50 54 5._____ 8._____ 54 104 54

3 50 68 6._____ 9._____ 22.7 39.3 20.____

4 50 2._____ 124 12.5 14._____ 31 6

5 50 78 128 10._____ 15._____ 25.6 4

6 50 3._____ 135 11._____ 14.2 19.____ 7

7 1._____ 91 141 7.1 16._____ 20.1 6

8 50 97 7._____ 12._____ 12.1 18.4 6

9 50 4._____ 152 5.6 17._____ 16.9 5

10 50 113 163 13._____ 11.3 16.3 11

GOOD LUCK AND GOD BLESS

TOPICS INSTRUCTIONAL Number LOWER HIGHER Item

Concept of Find for the

Industry and Analyze graph

GERMANO N. GAMBOL III CHECKED BY:

MARY MYLENE J. TACOT APPROVED:

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NAME: _____________ DATE:

1 50 54 5._ 8._ 54 104 54

3 50 68 6.___ 9._ 22.7 39.3 20.__

4 50 2._ 124 12.5 14._ 31 6

5 50 78 128 10._ 15._ 25.6 4

6 50 3.___ 135 11._ 14.2 19.__ 7

7 1._ 91 141 7.1 16._ 20.1 6

8 50 97 7._ 12._ 12.1 18.4 6

9 50 4._ 152 5.6 17._ 16.9 5