INSTRUCTION: This section consists of THREE (3) structure questions. Answer ALL questions.

Transcription

1 SECTION B: 75 MARKS BAHAGIAN B: 75 MARKAH INSTRUCTION: This section consists of THREE (3) structure questions. Answer ALL questions. ARAHAN: Bahagian ini mengandungi TIGA (3) soalan struktur. Jawab SEMUA soalan. QUESTION 1 SOALAN 1 CLO1 C1 (a) i) Define Law of Demand and Law of Supply. Berikan definisi Hukum Permintaan dan Hukum Penawaran. By using appropriate diagram, differentiate between movement along a demand curve and shift in a demand curve. Dengan menggunakan gambar rajah yang sesuai, bandingkan perbezaan di antara pergerakan di sepanjang keluk permintaan dan peralihan keluk permintaan. [8 marks] [8 markah] 14 SULIT

2 CLO3 C2 (b) Where, Supply function for industrial good is based on the following information: Fungsi penawaran bagi industry barangan adalah berdasarkan maklumat berikut: Qs = P Di mana, Qs = Quantity supplied for industrial good Qs = Kuantiti penawaran bagi industry barangan P = Price of industrial good in RM P = Harga barangan industry dalam RM i) Calculate the elasticity of supply when the price of industrial good increases from RM200 per unit to RM220 per unit. Kirakan keanjalan penawaran apabila harga barangan industri meningkat daripada RM200 seunit kepada RM220 seunit. 15 SULIT

3 Refer to the table below and answer the following questions. Rujuk kepada jadual di bawah dan jawab soalan berikut. Price of Good S / Harga barang S Quantity demanded for Good W / Kuantiti diminta barang W (kg) Quantity demanded for Good X / Kuantiti diminta barang X (kg) Income per month / Pendapatan bulanan a) Calculate the cross elasticity of demand for Good W when the price of Good S increases from RM 6 to RM12. State the relationship between Good S and Good W. Kira keanjalan permintaan silang bagi barang W apabila harga barang S meningkat dari RM 6 kepada RM12. Nyatakan hubungan di antara barang S dan barang W. [5 marks] [5 markah] b) Calculate the income elasticity of demand for Good X when income increases from RM1,300 to RM3,500 per month. Kira keanjalan permintaan pendapatan barang X apabila pendapatan meningkat daripada RM 1,300 kepada RM 3,500 sebulan. 16 SULIT

4 QUESTION 2 SOALAN 2 C1 (a) Explain the following concepts: Terangkan maksud konsep berikut: i) Total product. Jumlah keluaran. i Average product. Keluaran purata. Marginal product. Keluaran sut. C2 (b) The table below shows the production cost of an electric company in Machang, Kelantan: Jadual di bawah menunjukkan kos pengeluaran bagi syarikat di Bandar Machang Kelantan: Total Product / Jumlah pengeluaran (units) Average variable cost / Kos berubah purata Average Cost / Kos purata Total Cost / Jumlah kos Average fixed cost / Kos tetap purata Marginal Cost / Kos sut SULIT

5 i) Complete in the table above. Lengkapkan jadual di atas. [9 marks] [9 markah] Is the firm operating in the short run or long run? Why? Adakah firma ini beroperasi dalam jangka pendek atau jangka panjang? Kenapa? [2 marks] [2 markah] i Determine the fixed cost incurred by the firm. Tentukan kos tetap yang terlibat bagi firma tersebut. [1 mark] [1 markah] iv) Based on the table above, explain THREE (3) relationships between marginal cost (MC), average variable cost (AVC) and average cost (AC). Berdasarkan jadual di atas, terangkan TIGA (3) hubungan antara kos sut (MC), kos berubah purata (AVC) dan kos purata (AC). 18 SULIT

6 QUESTION 3 SOALAN 3 C1 (a) There are four types of market structures in the free market economy which are perfect competition, monopoly, monopolistic competition and oligopoly. Terdapat empat jenis struktur pasaran dalam pasaran ekonomi bebas iaitu pasaran persaingan sempurna, monopoli, persaingan bermonopoli dan oligopoly. i) Describe FIVE (5) characteristics of Perfect Competition Markets. Bincangkan LIMA (5) ciri ciri Pasaran Persaingan Sempurna. [10 marks] [10 markah] Draw a diagram to show the supernormal profit of monopoly market. Lukiskan gambar rajah yang menunjukkan untung lebih normal bagi pasaran monopoli. [5 marks] [5 markah] i State THREE (3) barriers to entry in monopoly. Nyatakan TIGA (3) halangan bagi memasuki pasaran monopoli. 19 SULIT

7 C2 (b) The following diagram shows the situation that might be faced by firms in Perfect Competition market in the short run. Gambarajah di bawah menunjukkan keadaan yang mungkin dihadapi oleh firma Pasaran Persaingan Sempurna dalam jangka masa pendek. Price/Revenue/Cost / Harga/ Hasil/Kos MC AC 45 AVC P=Dd=MR=AR 20 Quantity (units) / Kuantiti (unit) Calculate: Kirakan i) Total Revenue (TR). Jumlah Hasil. Total Variable Cost (TVC). Jumlah Kos Berubah. [2 marks] [2 markah] [2 marks] [2 markah] i Profit / Loss at the equilibrium point. Untung / Rugi pada titik keseimbangan. SOALAN TAMAT 20 SULIT