Q1 Q2 Q3 Q4 Refer to the dagram to the right At the level of employment of L. th

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Q1

Q2

Q3

Q4

Refer to the dagram to the right At the level of employment of L. the marginal product of labor in Home is With labor migration, employment in Foreign will Using the paint drawing tool, identify the point of equilibrium after labor migration has occurned. Ceretunly follow the instuctions above and oniy draw the required caect. in equibnum, the real wage is S (Enter your response as a whole number.) Mang nal product oflaoor, MPL [ | the marginal product of labor in Foreign MPL Total worid laoor torce

Explanation / Answer

Q1. At level L1, the MPL in home (25) is greater than the marginal product of labor in Foreign (14). With labor migration the employment in foreign will increase, at equilibrium, the real wage is 20.
Q2. Option D
Q3. Option B, with the labor movement it reduces the output and the real wages increases for the reduced labor.
Q4.Option B

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