Performance Task No.

Consumer Behavior
Directions: Explain and graph the utility schedule below. Use the space below for your
answer.
Hypothetical Schedule of Chocolate Candy
Quantity of Consumption Total Utility Marginal Utility
1 7 7
2 16 9
3 22 6
4 26 4
5 28 2
6 28 0
Production Function
Directions: Below is the production schedule for Output X with variable labor input.
Compute the marginal product and average product in each labor input
Production Schedule for Output X with Variable Labor Input
Quantity of Labor Total Product Marginal Product Average Product
Input
1 10
2 22
3 37
4 55
5 69
6 77
7 80
8 81
9 81
10 80

Application of the Law of Diminishing Marginal Returns

Directions: Discuss the above production schedule using the concept of Law of
Diminishing Marginal Returns. Use the space below for your answer.
Effects of Government Policies
Directions: Identify the appropriate government policy should implement in each
economic situation below and discuss its possible effects or results.

Economic Situation Government Policy Possible Effects or Results

Business closure due to
Covid-19

Strengthening the
Microbusinesses.

Maintain the prices of

medical supplies and
equipment related to
Covid-19.

Many people were

jobless due to pandemic.
The Effects of Market Failure
Directions: Enumerate the possible effects of market failure on you, society, and
economy.
Effects on Me Effects on the Society Effects on the Economy

Intervention for the Market Failure

Directions: Create a policy that would tamper the market failure. Choose any of the
government interventions above. Write your policy in the box.