APPLIED ECONOMICS

Online Quiz # 4

NAME: ____________________________________ DATE SUBMITTED: ______________________

SCHEDULE: _ TF 7:30 – 9:00____________ COURSE/YEAR: _________________________

DIRECTIONS:
1. Read and study Chapter 13 the Costs of Production page 247 of our e-book Principles of
Microeconomics by Gregory Mankiw.
2. Submit your output using this questionnaire by indicating your answer below and submit via my
email address: June.manalastas@gmail.com. Write the SUBJECT: Applied Economics Online
Quiz # 4
3. For those who cannot use a computer/laptop, write your answers on a clean sheet of paper and
you can send a clear photo of your output via my messenger (Not via our GC!)
a. Write CLEARLY and LEGIBLY, otherwise your submission will be invalidated.
b. Write your name and schedule of class (ex: TF 7:30-9:00)
4. Deadline: Friday, April 17, 2020

YOUR TASK:
1. Solve Quick Quiz below.

QUICK QUIZ:
Give an example of an opportunity cost that an accountant would not count as a cost. Why would the
accountant ignore this cost?

ANSWER:

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