ANONYMOUS EVO!

Friendship is one of the most valuable assets that we create in our lifetime

-unknown

A friend is someone who knows the song in your heart

 and can sing it back to you when you have forgotten the words.

-Unknown

A friend is a present you give yourself.

-Robert Louis Stevenson

A friend in need is a friend indeed.

-Latin Proverb

“Many people will walk in and out of your life, 

but only true friends will leave footprints in your heart” 

― Eleanor Roosevelt


GROUP MEMBERS

MOHD RIDUAN BIN HASHIM - PDA 1506054
MUHD NUR ADLI BIN ZAINURI - PDA 1506068
NURUL SYAMIN SYAHIRAH BINTI AHMAD ROSLY - PDA 1506034
ZARITH AIREEN BINTI JAMAL - PDA 1506035
NOOR SYAFIQAH BINTI MOHD YUNUS - PDA 1506028

CHAPTER 4 : MARKET STRUCTURES

week 10

Market is an arrangement that facilitates the buying and selling of a product, service, factor of production or future commitment.

Market is an arrangement that facilitates the buying and selling of a product, service, factor of production or future commitment.

week 9 COST OF PRODUCTION Types of cost production

Economies of scale 

Internal of economies of scale

External of economies of scale 

DISECONOMIES OF SCALE CAUSES

Some of the possible causes of diseconomies of scale are

- difficulties in control and supervision,

- slow decision making due to excessive size of administration,

- lack of employee motivation.

week 8 chapter 3 : PRODUCTION AND COST

Definition of production

process of using factors of production to produce goods or service.

*In other words, the transformation of inputs into outputs. Inputs is firm buy for use in production process such as land, labour, capital and entrepreneur.*

Short-run and Long-run Production

• Short-run period-one of the inputs is fixed but the other inputs are varied.
• Long-run period-the time frame in which all inputs are variable.

Types of Production

    1.Commercial services

       -Industries engaged in the movement of commodities so that they reach the final consumer on time,in good condition and in the correct quantity.

    2.Direct services

      -Services not rendered to material good s, as in commerce, but to persons and they are very                   important to the production process because they increase efficiency.

Law of Diminishing Marginal Returns

If the quantities of certain factors are increased while the quantities of one or more factors are held constant.

Total product (TP) is the amount of output produced
Average product (AP) is can be obtained by dividing the total product
Marginal product (MP) is the change in the total product of hat input corresponding an addition.

Relationship between Total Product (TP) and Marginal Product (MP)

• When MP is increasing, TP will increase at an increasing rate
• When MP is decreasing, TP will increase at a decreasing rate
• When MP is zero, TP is at its maximum.
• When MP is negative, TP declines.

Relationship between Marginal Product (MP) and Average Product (AP)
  

• When MP is above AP,AP is increasing.
• When MP is below AP, AP is decreasing.
• When MP equals to AP, AP is at maximum.

week 7

GOODLUCK DIA2B's

week 6

STUDY!!!

STUDY!!!

STUDY!!!

QUIZZ AND TEST GETTING CLOSER... omaigadddd hehe

week 5 Elasticity

 Price Elasticity of Demand measure Quantity demand, Qd due to change in price, P

Degree of Price Elasticity Demand 

            Income Elasticity of demand  

measure responsiveness of change in Quantity demand due to change of income.

Cross Price Elasticity of demand 

the degree of responsiveness of Quantity demanded of goods A to change in price of goods B