NAME:
COURSE:
DATE:
SUBJECT: MICROECONOMICS - PRELIMS
Test I. Answer the following questions below. Plot your answer on the graph.
Combination
Delivery fee
Weight of product in
kg
A
B
C
D
E
F
G
H
I
J
30
60
90
120
150
180
210
240
270
300
2
4
6
8
10
12
14
16
18
20
1. Plot the figures presented from the preceding table.
2. Plot and compute for the vertical change.
3. Plot and compute for the horizontal change.
4. Compute for the slope. (Show your solution.)
5. Label the graph with the given details.
Test II. Create the table for the graph presented below to show the alternative production
possibilities of a certain nation.
Test III. Complete the Circular Flow of income with two-sector model by labeling it
with the terms presented below.
1.
9.
10.
FOR NUMBERS 5-8
Factors of Production
Goods and services bought
Goods and services sold
Labor, land and capital
6.
5.
2.
3.
7.
11.
4.
FOR NUMBERS 1-4
Firms
Households
Markets for Factors of Production
Markets for Goods and Services
8.
12.
FOR NUMBERS 9-12
Income
Revenue
Spending
Wages, rent and interest
Test IV. Complete the table below by computing for the Qd, Qs and surplus/shortage and compute for the market
equilibrium. Then, plot the combinations on the graph. Show your solution.
GIVEN:
Qd = 120 - 12P
Qs = 58 + 16P
PRICE
20
18
14
12
8
6
4
2
1
Qd
Qs
Surplus/Shortage
298
314
186
130
218
18
104
176
224
94
272
90
318
0
