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
- Construction Law Assignment, Uitm, Malaysia Explain to Fairuz the validity of the agreement and illustrate your answer with relevant cases under the law of contract
- What is the level of awareness amongst the students of Islamic finance, Accounts, and Economics: Islamic banking & finance Thesis, IIUM, Malaysia
- FAR 570: Financial Accounting and Reporting Essay, UiTM, Malaysia An entity shall disclose information that enables users of its financial statements to evaluate the nature and financial
- Programming Assignment, QUB, Malaysia The Borneo Car Rental Centre owns a collection of microcars, saloons, and multipurpose cars
- BMG306/03: Introduction to International Business Case Study, WOU, Malaysia In April 1992, EuroDisney first opened in Paris, France It later changed its name to Disneyland Paris
- You are required to search for ONE (1) peer-reviewed journal articles in the field of organizational: Organizational Development and Change Management Case study, UIU, Malaysia
- DPM10013: Principles of Marketing Assignment, PM, Malaysia ABC Mart is a 24-hour convenience store. It serves nearby residential communities and commercial and business
- Environmental Management Assignment, UiTM, Malaysia ABC Manufacturing Sdn. Bhd. is a newly established beverage manufacturing company. Its product which is for the domestic market
- KT34103: Artificial Intelligence Case Study, UMS, Malaysia Hand, foot, and mouth disease is a mild, contagious viral infection common in young children. The enteroviruses that cause HFMD
- FIN2102: Financial Management Report, IIU, Malaysia You are considering investing in HOG REIT Suppose it is currently undergoing expansion