In Home and Foreign, there are two factors each of production, land, and labor used to produce only one good. The land s

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answerhappygod
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In Home and Foreign, there are two factors each of production, land, and labor used to produce only one good. The land s

Post by answerhappygod »

In Home and Foreign, there are two factors each of production,
land, and labor used to produce only one good. The land supply in
each country and the technology of production are the same. The
marginal product of labor in each country depends on employment as
follows: (Number of Workers Employed 0(Marginal Product of Last
Worker) (1 20 )(2 19)( 3 18)( 4 17 )(5 16)( 6 15)( 7
14)( 8 13)( 9 12 )(10 11)( 11 10 ) Initially, there are only 6
workers employed in Home, but 8 workers in Foreign. Find the effect
of free movement of labor on employment, production, labor income,
and the income of landowners in each country. (Provide before
migration and after migration levels of employment, production,
labor income, and the income of landowners).
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