Republic of the Philippines

NUEVA VIZCAYA STATE UNIVERSITY

Bayombong, Nueva Vizcaya
INSTRUCTIONAL MODULE
IM No.: Basic Microeconomics-2nd Semester-2020-2021

Shaina D. Bongongol
BSBA-1H
ECONOMICS, ACTIVITY 05

I. LEARNING ACTIVITIES

II. ASSIGNMENT

A. Complete the following table and accomplish the task that follow.

Output TFC TVC TC MC AC

1 20 2 22 2 22
2 20 6 26 4 13
3 20 12 32 6 10.67
4 20 20 40 8 10
5 20 30 50 10 10
6 20 42 62 12 10.33
7 20 56 76 14 10.86
8 20 72 92 16 11.5
9 20 90 110 18 12.22
10 20 110 130 20 13

1. Construct/graph the TVC, TC, and AC schedules above.

TC
Total Cost
Peso

TVC
Total Variable
Cost

0 Q

“In accordance with Section 185, Fair Use of Copyrighted Work of Republic Act 8293, the copyrighted works included in this material may be reproduced for educational
purposes only and not for commercial distribution,”
NVSU-FR-ICD-05-00 (081220) Page 1 of __
Prepared by Gayon P. Sarmiento, Ag Economics UPLB
 Republic of the Philippines
NUEVA VIZCAYA STATE UNIVERSITY
Bayombong, Nueva Vizcaya
INSTRUCTIONAL MODULE
IM No.: Basic Microeconomics-2nd Semester-2020-2021

Peso

AC
Average
Cost

0 Q

2. Discuss the behavior of the curves in relation to pricing and output.

The behavior of the curves in relation to pricing and output is that, when the market cost of one good increases,
the output of some other product could rise or fall. That’s why the curves also rises when there are more goods
and falls if the prices are higher than goods.

“In accordance with Section 185, Fair Use of Copyrighted Work of Republic Act 8293, the copyrighted works included in this material may be reproduced for educational
purposes only and not for commercial distribution,”
NVSU-FR-ICD-05-00 (081220) Page 2 of __
Prepared by Gayon P. Sarmiento, Ag Economics UPLB
 Republic of the Philippines
NUEVA VIZCAYA STATE UNIVERSITY
Bayombong, Nueva Vizcaya
INSTRUCTIONAL MODULE
IM No.: Basic Microeconomics-2nd Semester-2020-2021

III. REFERENCES

Catelo, Ma. Angeles O (1999). Economics 102 Reference Workbook. Department of economics, UP Los Banos.
Pagoso, C. et. al. (2014). Introductory Microeconomics. Rex Book Store
Silon, T. et.al. (2009). Manual for Economics

Numbering the IM No.: IM-CCCCCC-SSSSSS-NNNN-NNNN

School Year
Semester
Course Number
e.g.:
IM-COURSE NO-SEMESTER-SCHOOL YEAR
IM-MCB180-1STSEM-2020-2021

“In accordance with Section 185, Fair Use of Copyrighted Work of Republic Act 8293, the copyrighted works included in this material may be reproduced for educational
purposes only and not for commercial distribution,”
NVSU-FR-ICD-05-00 (081220) Page 3 of __
Prepared by Gayon P. Sarmiento, Ag Economics UPLB