ECO2103: Principles of Microeconomics Essay, IIU, Malaysia The global spread of covid-19 impacts all the industries throughout the world
| University | INTI International University (IIU) |
| Subject | ECO2103: Principles of microeconomics |
Questions
i) The global spread of covid-19 impacts all industries throughout the world. However, some industries profited during these trying times. Analyze the effectiveness of the industries during this crisis in Malaysia. Using the knowledge of ‘demand and supply, explain why some industries can make a profit and be successful while some failed in Malaysia.
ii) Assume that there are two critical industries in Malaysia, one being the petroleum industry (inelastic DD) and another car industry (elastic DD). Using the knowledge of ‘elasticity demand’, explain how would you increase the revenue of each industry? Demonstrate the method you employ to enhance the saleability of the product in each industry.
iii) Assume that there was no covid 19 incident and that the tourism industry was doing fine in Malaysia. In this case, the Malaysian government decided to apply a sales tax on tourism sales. Using simple illustrations, explain the impact of the sales tax on the seller, buyer, and the government.
Recent Solved Questions
- MOSFET Circuits and Fabrication Assignment, UiTM, Malaysia Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET) is the backbone of modern electronics
- BBF305/03: Investment and Portfolio Management Assignment, WOU, Malaysia Explain the differences in how modern and traditional theories of a portfolio management approach the issue of diversification
- NBBS1313: Psychology and Sociology for Nurses Essay, OUM, Malaysia The purpose of this assignment is to discuss psychological and sociological studies’ influences on the health and well-being community
- CMPF104: Data Cleaning and Preprocessing: Data science and Data Anaytics: Programming For Foundation In Engineering, Assignment, UNITEN, Malaysia
- Principles of Economics Essay, UMS, Malaysia Analyze how microeconomics models can be used to consider fundamental economic choices of households and firms
- DPB40103: Organizational Behavior Case Study, PM, Malaysia Whether you have a roommate by choice, by necessity, or through the random selection process of your school’s housing
- Draw the market demand and supply curves for a candy shop: Economics Essay, UNM, Malaysia
- Management Information Systems Report, AU, Malaysia To create a report and dashboard of sales analytics. Also, using the power bi technique, different customer types, product groups
- TMF1434: Data Structure & Algorithms Assignment, UNIMAS, Malaysia Golden Hands Catering offers catering services for events such as weddings, birthdays, and celebration events
- HRM3183: Omega, Inc., is a small manufacturing company whose sales success or failure rests in the hands: Performance Management Case Study, UPTM, Malaysia
