Analyse the possible consequences of low unemployment for the Pakistani economy.

1 answer:

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On the other hand 1% decrease in unemployment will increase the GDP growth by 7.25%. The results intimates that GDP Growth in long run has negative relationship with Unemployment in long run. Umar and Razaullah (2013) found the impact of GDP and inflation on unemployment rate in Pakistan

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In a market served by a monopoly, the marginal cost is $60 and the price is $110. In a perfectly competitive market, the margina

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Answer: In a market served by a monopoly, the marginal cost is $60 and the price is $110. In a perfectly competitive market, the marginal cost is $60. If the marginal cost increased from $60 to $75, the monopoly would raise its price by less than $15, and the price in the perfectly competitive market would increase to $75.

Explanation: The monopolist attends to the market demand, therefore the choice of the monopolist is limited by the market demand. If you set a very high price, you will only sell the amount that the demand you want to buy at that price, so it will only increase by less than $ 15.

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