KOLB) UNIVERSITI TUNKU ABDUL RAHMAN FACULTY OF ACCOUNTANCY, FINANCE AND BUSINESS ACADEMIC YEAR 201872019, JANUARY/FEBRUARY EXAMINATION [BRBEIO15 MICROECONOMICS TUESDAY, 29 JANUARY 2019 ‘TIME: 2.00 PM—4.00 PM (2 HOURS) BACHELOR OF BUSINESS (HONOURS) IN ENTREPRENEURSHIP BACHELOR OF BUSINESS (HONOURS) IN HUMAN RESOURCE MANAGEMENT BACHELOR OF BUSINESS (HONOURS) IN INTERNATIONAL BUSINESS BACHELOR OF BUSINESS (HONOURS) IN LOGISTICS AND SUPPLY CHAIN MANAGEMENT [BACHELOR OF BUSINESS (HONOURS) IN MARKETING BACHELOR OF ACCOUNTING (HONOURS) BACHELOR OF BANKING AND FINANCE (HONOURS) [BACHELOR OF BUSINESS ADMINISTRATION (HONOURS) BACHELOR OP CORPORATE ADMINISTRATION (HONOURS) BACHELOR OF FINANCE AND INVESTMENT (HONOURS) BACHELOR OF BUSINESS (HONOURS) ACCOUNTING AND FINANCE BACHELOR OF BUSINESS (HONOURS) INTERNATIONAL BUSINESS MANAGEMENT. Instructions to Candidates: Answer all FOUR (questions All questions cary equal marks, Tis question paper coin 4 queitions on pied panesBABEL MICRORCONOMICS -Arswer all FOUR f) question. Question 1 (0) sing poate eal ott en “pie ni” a “ie (©) Define “en advance in technology”. Using an eppropiate digram, describe the eft of an vane tchnlogy onthe production pony rate ‘Gmas) (© pinay TWO. fate don andy fin ee (@ _Desctite THREE () hore of oi (Gra) (Total 25 mars] Question? (@_Diningsish between “oti” and “marginal ui” (mis) (©) Diferetnte between “sbstirtin eet and “income ete (Gas) (© Alan bas en income of RMD fo sind sac dey. He is intrested in purchasing goods X. Y ‘nd Z. The prices of X, ¥ and 7 are RM, RMB ard RMD respectively. The table below ‘hows the marginal uly fr goods X,Y and Z: ‘Warginal Uli | — Marginal Uliy | — Marginal Uti ana for good X for good Y for good Z T 2 @ @ 2 3 36 I 7 i Te a iw 7 6 Ww ¥ 5 a w 6 3 @ a a (© Calculate the marginal ity per ringgit foreach uni of good X,Y and Z. as shown Inthe table above. (@ mais) i) Determine how many units of goods X, Y and Z will Alan buy to maximise his vy ‘dmks) i) Caleulate he total wt gine by Alan, (marks) (Tova: 25 mars} "This que pape Sonsss of 4 questions on 3 pried pas.‘Questions (0) Compete the following table: Waite tec | arc | tvc | ave | te 730, 30 2 [150 30, 3 [1501 80, a [150 100) (aks) (©) Using relevant example, define the law of diminishing marginal retus. 4 maris) © ‘otal Cost (LRATC) diagram, explain “economies of sole, disconomies of sal” (marks) (©) Beplain the average marginal ue. (Gms) [Totals 25 mars) Question ¢ (@) Describe any FOUR (4) sssumptins of perfet competition. Brmais) (©) Explain THREE (@) condition quired o practice rise discrimination, mses) (© State any TWO 2) similares and any TWO Q) ditferences between a monopolistic ‘compete frm and an oligopoly. ‘(@maris) (@) Describe the profit maximisation rule, Garis) (Total: 25 marks] of 4 questions on printed pas