1. Policy on Data Privacy.
2. Policy on Academic Integrity.
3. Policy on Late Submission.
5. No erasure/alteration policy.
4. FEU core values of Fortitude, Excellence and
Uprightness.
Instructions:
1. For each corresponding column,
TYPE/COMPUTERIZE everything especially the
letter and the text of the correct answer for each item.
ITEM
1.
2.
3.
LETTER
A
C
B
4.
5.
6.
7.
C
C
C
D
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
C
B
D
D
B
B
D
A
D
C
B
D
A
B
C
A
C
A
B
C
28.
A
29.
30.
31.
32.
B
C
A
A
ANSWER
TEXT
increases
Marginal rate of substitution
Due to law of diminishing
marginal utility
Decline
Same level of satisfaction
10; 25
Php10 × Food + Php25 ×
Clothing = Php500
Php100
-2.0.
E.
D
is 1/2 of a hot dog.
bounded by the area 0AC.
Php200
-1.
E
D
a beer.
remain unchanged.
increase
relative prices.
CD
AD
20; 15
pivot in at Point B.
pivot out at Point A.
additional satisfaction
gained by the consumption
of one more unit of a good.
marginal utility of a slice of
pizza is positive but
decreasing.
12.5
9.33
first
positive and increasing
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
A
B
A
C
C
B
A
C
D
C
43.
44.
45.
C
B
D
46.
D
47.
C
48.
49.
50.
A
B
B
5
22.33
first
96
92
B.
A.
Php300
D
total utility of ice cream
cones to the total utility of
ice cream sandwiches.
-3.0.
$3
Consumers do not prefer one
consumption point to
another.
shift inward in a parallel
way
The vertical intercept
remains the same but the
slope becomes shallower as
more pizzas are
bought.
True
False
False
2. Once this answer template is duly filled-up with
corresponding answers for each item, print a copy.
3. Bring the printed copy duly filled-up with answers
in class on the day and time as instructed.
4. Handwritten answers (letter and text) are invalid
(no merit/zero). AS A RULE, QUIZ IS TAKEN
PERSONALLY HENCE, SUBMISSION OF THE
DULY FILLED-UP ANSWER SHEET IS DONE
PERSONALLY AS WELL.
5. Should your answers be posted in any social media
platform, or a copy be handed to anybody, such is a
violation of Data Privacy and Academic Integrity,
and the student will receive an automatic score of
zero and will be dealt with sanction under the Student
Code of Conduct.