BBM102/03: Draw a demand and supply graph for the global market for crude oil and Explain the effects of the Russian-Ukraine war on market price: Microeconomics Assignment, WOU, Malaysia

University Wawasan Open University (WOU)
Subject BBM102/03: Microeconomics

 Question 1

  • Draw a demand and supply graph for the global market for crude oil.
  • Explain the effects of the Russian-Ukraine war on market price and quantity of crude oil.
  • Using an appropriate demand-supply diagram, discuss how global crude oil prices might affect the market for vegetables in Malaysia.
  • To protect consumers from fluctuating prices of vegetables, the government considers price control policies. Provide an example of a useful price control policy that can prevent prices from rising further. Explain the effects of this price control policy on the market?

Question 2

  • The 5th and 6th columns of the table are deliberately left empty. Calculate the average cost associated with each level of production and complete the 5th column of the above table
  • Calculate the profits associated with each level of production, and complete the 6th column of the table
  • Identify which production level maximizes profits.
  • Explain the type of market structure that this manufacturer might be operating in.
  • Elaborate on the possible outcome that can happen in the long run if this manufacturer continues making profits
  • Suppose that this manufacturer discovers a new technology that reduces labor costs significantly. We now have new information in the table below

Calculate the new average cost and total profit and complete the table

  • Sketch the new Average Cost function from the table and comment on the graph
  • If this new situation persists, explain what might happen to the industry in the future?

Get Solution of this Assessment. Hire Experts to solve this assignment for you Before Deadline.

Get Help By Expert

Our Malaysian homework helper work 24*7 hours to provide valuable assistance on the BBM102/03: Microeconomics. our writers are extremely qualified to write the authentic ECO162- Microeconomics Assignment example and DQS156 Principles Of Economics Assignment Example at a budget friendly price.


Recent Solved Questions

Online Exam & Assignment Writing Services

11770+ Orders Delivered

5 Star Rating

Confidential & Secure Assignment Help For

Group Assignment Help

Online Exam -Test & Quiz

Cheapest Price Quote

Diploma & Certificate Levels

Semester & FYP Papers

Summative & Individual

GBA & Reflective

Last Minute Assistance

Sample Assignment Download

FAR320 Financial Accounting 5 UiTM assignment example Malaysia
The objective of this assignment is to discuss how the use of financial statements can be used in order to make informed business decisions. Given that a company has been…
BSB132 Economics UITM Assignment Sample Malaysia
BSB132 Economics is a great course for students looking to understand the principles of microeconomics and macroeconomics, explore the connections between policy, politics, and markets, and discuss the economic impact…
Assignment Sample


Instant Paper Writing Services by Native Malaysia Writers

Plagiarism Free Solutions
100% Original Work
24*7 Online Assistance
Native PhD Experts
Hire a Writer Now

Get Assistance for Assignments, online Exam, and Projects Writing