I. Please answer the following.

Do not forget to put your references.

1.What are the ten most populous provinces in the Philippines? (2015 data)

2.What are the ten most populous cities in the Philippines? (2015 data)

3.What are the TOP 5 Aging population of the world ? (2020 data)

4. Give 5 reasonss for the aging population?

II. Please provide your PERSONAL OPINION:

1. According to the Malthusian Theory : humans reproduced faster than their ability to produce food (Abelos, et. al, 2018) Do you agree? Justify you answer. You may give examples.

REMEMBER: I am asking for your personal opinion not the opinion of authors.

III.

A.Indicate if the following characteristics exist in a condition of pure monopoly by writing a YES in the blank for those that do & NO for those that do not.

_____1. Freedom of entry into the market.

_____2. Consumers enjoy variety of product.

_____3. The seller is price maker.

_____4. The seller can set price as high as he can without affecting the demand.

_____5. The seller's demand curve is downward sloping.

_____6. The seller's marginal revenue is lower than price.

_____7. Perfect knowledge of market conditions.

_____8. The seller advertises his product.

_____9. Profit is maximized where MR=MC.

_____10. Extraordinary profits are enjoyed when price exceeds the average cost.

B.Give the points of differentiation between a pure competition and monopoly

1.

2.

3.