Economics Assignment, UITM, Malaysia Economics is the study of how society manages its scarce resources. Discuss the problem of scarcity in Malaysia
University | Universiti Teknologi Malaysia (UMT) |
Subject | Economic |
Question 1
Economics is the study of how society manages its scarce resources. Discuss the problem of scarcity in Malaysia.
Question 2
Nadiah has been working as a human resource manager in a multinational corporation in Johor, earning an annual salary of RM80,000. Using her own fixed deposits of RM200,000 from a local bank which earns her 0.3% interest per month, she decides to quit her job and operate her own restaurant in Johor Bahru. Every year she pays RM24,000 for equipment leasing; RM60,000 for shop rental; and her average monthly utility bill is RM1,500. She spends RM48,000 yearly to purchase fresh raw materials for her restaurant. Nadiah hires 5 workers and each of them is paid RM2,000 each month. Her business runs very well with an average monthly sales of RM36,000. Calculate the following values on a yearly basis:
- Implicit cost and explicit cost
- Accounting profit and economic profit
Question 3
Malaysia’s national debt to gross domestic product (GDP) ratio is at a worrying high of 63.8%. In your opinion, what should the Malaysian government do to reduce the country’s debt?
Question 4
What are the 2 most critical economic problems in the country that you want the new Malaysian government to solve in the next five years? Justify your answer with appropriate economic theories or principles that you have learned.
Get Solution of this Assessment. Hire Experts to solve this assignment for you Before Deadline.
Get Help By Expert
Assignmenthelper.my is the ideal service to provide thesis help for students. Our team of experienced and qualified thesis writers is passionate about crafting an engaging thesis that is both well-researched and clearly communicated. With our assignment help Malaysia, students can confidently present a thesis that will stand out and make a lasting impression on their supervisors and colleagues. We offer dedicated assistance tailored to your ECW1101: Introductory Microeconomics Assignment. With AssignmentHelper.my, excellence in academia is just a click away.
Recent Solved Questions
- LLB202B: Explain the legal framework governing the process of public auctions in Malaysia: FACULTY OF LAW & GOVERNMENT Assignment, HU, Malaysia
- STA404: Statistics for Business and Social Sciences Assignment, UiTM, Malaysia A dairy products factory wants to know the milk flavor preferred by the buyers
- MPU3323 TAMADUN ISLAM DAN TAMADUN ASIA 1 Assignment, OUM, Malaysia Tugasan ini adalah untuk menilai kebolehan pelajar membincangkan sumbangan dan hasil pencapaian tamadun
- An overview of what ART is and its significance in modern transportation: Final Year Project 1, Malaysia
- MPU3313: Health And Wellness 2 Assignment, OUM, Malaysia “Health” can be defined as the state of complete physical health, mental health, and social well-being
- Data Structure Assignment, SU, Malaysia The buycar is a used car reseller situated in Seri Kembangan, Selangor, Malaysia. The business owner is planning
- Discuss the importance of effective group communication in organizational settings: Organizational Behavior Assignment, UiTM, Malaysia
- Information Marketing Assignment, TU, Malaysia An info product is any product that can be digitally created, sold, and transferred to your customer
- COS3023: Provide a brief introduction to Inter-Process Communication mechanism and their significance in operating systems: Operating System & Concurrency Assignment, UOW, Malaysia
- Discuss the cells and tissues system and its components from the perspective: anatomy and physiology nursing Assignment, OUM, Malaysia