Reflection-Syuhadah

Assalamualaikum, I am Nor Syuhadah binti Amiruddin. Firstly, I praise to Allah in His will for letting me opportunity to finish this assignment on the time as planned.

I would like to show my sincere appreciation and gratitude to my lecturer, Mr Amir bin Jusoh. He became as guidance and encouragement to me when I am doing this project. A lot of thing that I had learned during class microeconomics.

Next, I also want to thank to my friends, Afiqah Izzati, Siti Nadiah and Nur Afifah for the supporting from beginning to the end. Appreciation also goes to all those involved, either directly or indirectly for the success of this project including my classmates for giving a chance to do our assignment. All the sacrifice and help given are very much appreciated.

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NUR AFIFAH BINTI MOHD ZAHED

NUR AFIFAH BINTI MOHD ZAHED

PDA 1506-048

awesomely.kiddo@gmail.com

Never condone with buzz

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Nur Afiqah Izzati Binti Mohd Anuar

Nur Afiqah Izzati binti Mohd Anuar
PDA 1506 - 033
fqazty@gmail.com
"And if I die, forgive me"

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Nor Syuhadah binti Amiruddin

Nor Syuhadah binti Amiruddin
PDA 1506 051
syuhadahamiruddin@gmail.com
"Everything is a choice"

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Siti Nadiah Binti Zainal Abidin

Siti Nadiah binti Zainal Abidin
PDA 1506-032
nadiahzainal1997@gmail.com
"I don't have to pretend just to flatter somebody"

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REFLECTION-AFIFAH ZAHED

I praise to Allah, in His will for letting me to write my endless appreciation to everyone who involved in the making of this blog a success. I would like to thank to Sir Amir Bin Jusoh our lecturer in Microeconomics himself as a great source in order for us to complete the assignment given. Despite his willingness and determination in guiding us in blogging, I personally grateful as he has thought me well in the microeconomics subject. Next, for the members ,there is no word I could describe how I proud to be in this group for a great cooperation and giving the best in the process of the assignments. Fairly enough, we have done with so much communication in dividing the task. The members are so helpful in completing the order given. For the group members, Nur Afiqah Izzati  thanks for being so nice and helpful in aiding me to complete the blog. For, Nor Syuhadah thank you for being my pillar in those hard time.Last person for me being so grateful is Siti Nadiah as for being so concerned to make this blog a glory.
Indeed the blog is a new medium for students to seek for knowledge.The blog so far are always in our supervision to able us to update recent topic that we had learned. Covered from the first chapter which is economics issue till the last chapter which is market structure, we had go through some advancement from the class. Thank you everyone! 

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Reflection-Afiqah Izzati

Assalamualaikum, I am Nur Afiqah Izzati Binti Mohd Anuar. Before anything, i would like to thank Allah because giving us opportunity to finish this assignment.on the time as we plan.

During my first class microeconomics, i think it is a tough subject because i don't like any memorizing subject but as time fly, i think i have fall in love with this subject. I found that microeconomics is an interesting subject to be learn.

I would like to thanks to our beloved, handsome, caring and sweet lecturer Sir Amir Bin Jusoh because he teach me with clear and help me to understand this subject very well. I love the way how Sir Amir teach us. I hope that i can score this subject with flying colors.

Besides that, I also would like to thanks to all my group members because cooperate very well during finishing this task. I would like to thanks to Siti Nadiah because always by my side when i need some motivation. Other than that i would like to thanks to Nor Syuhadah as she always helps me when i need some help. Then i would like to Nur Afifah because always be with us through up and down. Lastly we enjoy doing this task and i hope people who read our blog will get something from our task.

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Chapter 4

MARKET STRUCTURES

       1. The marginal revenue curve (MR) of a perfectly competitive firm

       A.  Is horizontal at the market price

       B.  Is downward – sloping because price must be reduced to sell    more output

       C.   Is perfectly inelastic because price not depend to the output

       D.   Increase at an increasing rate as output expands

2.The marginal revenue (MR) curve of a monopoly firm

A.      Is horizontal at the market price

 B.      Is downward – sloping because price must be reduced to sell   more output

 C.      Is perfectly inelastic because price not depend to the output

 D.      Increase at an increasing rate as output expands


3.Perfect competition is the situation when

A. Firm are not independent of each other.
B. The industry consists of small number of firms
C. Each firm is a price taker
D.Product has no close substitutes


4.The average revenue curve (AR) of a perfectly competitive firm

    A.      Is horizontal at the market price

    B.      Is downward – sloping because price must be reduced to sell
      more output

    C.      Is perfectly inelastic because price not depend to the output

    D.      Increase at an increasing rate as output expands

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Chapter 3

PRODUCTION

1.       Define the concepts of production

2.       State three (3) examples of tertiary production

3.       Differentiate between primary production and second production

4.       Explain three (3) reasons for the existences of small firms

       

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Chapter 1

ECONOMICS ISSUE


1.  Define economic?

2. Differentiate between microeconomics and macroeconomics



3.  Explain the differences between positive and normative statement

 4. Explain each of the economy’s problem below

• Scarcity
• Choices
• Opportunity cost

5.. Explain the factors of production

6. Defined command economy and capitalist economy

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Chapter 2

PRICING THEORIES
            

             1.  A market is in equilibrium

A)     Provide there is a surplus of the product

B)      At all process about the intersection point of the supply and demand curve

C)      When the amount the producers want to sell is equal to the amount the consumers want to buy

D)     Whenever the demand curve is downward sloping and the supply curve is upward sloping.


2. Use the following table to answer question 2 and 3

Quantity demanded (units)	Price (RM)	Quantity supplied (units)
1000	3	700
900	6	750
800	9	800
700	12	850
600	15	900

            Based on the data, the market will be in equilibrium if the price is

            A)     RM 6.00

B)      RM 12.00

C)      RM 9.00

D)     RM 3.00

3.       If the price RM12.00, there will be

A)     An excess supply by 150 units

B)      A shortage of supply by 150 units

C)      An excess of demand by 850 units

D)   A shortage of demand by 700 units

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Reflection - Nadiah

Assalamualaikum w.b.t
First of all, I would like to thank to Our Lord for giving us opportunity to finish this microeconomics assignment. Without His bless, we can't do anything. Secondly, a big appraisal to our lecturer, Sir Amir bin Jusoh that teach us well and not to forget, my group members, Nur Afiqah Izzati binti Mohd Anuar, Nor Syuhadah bin Amiruddin  and Nur Afifah bt Mohd Zahed that always do support me with unconditional time.Through reflection on the team process I have become aware of useful strategies to deal with issues and to gain commitment to the goals of the team.My team members and I felt free to share our ideas and knowledge with each other, and that definitely made my learning process more interactive, interesting and enjoyable. From what I learned on Microeconomics session, I know a lot of new thing about economy and also the economy issue outside there that I can explore. It was a good subject and I really like it.
Plus, for this assignment, I've learn on how to use a blog, how to use code of html although it is something that quite difficult to learn and yes, I should be patient and I really mean it.

   

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Classmate

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