MODULE 7

I. Topic: Pricing and output under pure competition

ACTIVITY 1
Name: Ma. Ursula R. Mendiola Course and Yr.: BSBA HRDM 2
Date: August 20, 2021 Rate: _______________

Direction: Match the answer (column B) that best fits the phrases (column A) below.
Column A Column B
B 1. Profit a. TR = TC
J 2. Marginal revenue b. gross income – expenses
E 3. Economic profits c. FC + VC
I 4. Shutdown price d. additional cost in cured when additional units
H 5. Similarity of product of products are produced
A 6. Break-even point e. net income – average divided
G 7. New firms can enter the market f. cost equal revenue
F 8. Zero profit g. long-run
D 9. Marginal cost h. homogeneity
C 10. Total cost i. force the produces to stop production
j. additional revenue obtained by putting the
additional units of output in the market.
ACTIVITY 2
Name: Ma. Ursula R. Mendiola Course and Yr.: BSBA HRDM 2
Date: August 20, 2021 Rate: _______________

Qty. P = MR MC AC Profit Unit Total profit

0 140 90 150 (10) 0
2 140 80 180 (40) (80)
4 140 70 130 10 40
6 140 60 100 40 240
8 140 50 90 50 400
10 140 60 70 70 700
12 140 80 65 75 900
14 140 90 50 90 1260
16 140 100 45 95 1520
18 140 110 70 70 1260
20 140 130 80 60 1200

Prepared by: Renee Q. Villaruel