The figure given below represents the effects in the labor markets due to migration. Here the world has been divided into a high-income "North" (left panel) and a low-income "South" (right panel). D_n and S_n are the labor demand and the labor supply curves in North. D_s and (S_r + S_mig) are the labor demand and pre-migration labor supply curves in South. S_r is the post-migration labor supply curve in South. The value c is the cost of migrating. After migration of the workers, the workers in North earn _____ per hour and South workers earn _____ per hour. A)$6.75; $4.25 B)$8.00; $4.25 C)$6.75; $3.00 D)$8.00; $3.00

Question

Quizplus · Accepted Answer

The Answer of The figure given below represents the effects in the labor markets due to migration. Here the world has been divided into a high-income "North" (left panel) and a low-income "South" (right panel). D_n and S_n are the labor demand and the labor supply curves in North. D_s and (S_r + S_mig) are the labor demand and pre-migration labor supply curves in South. S_r is the post-migration labor supply curve in South. The value c is the cost of migrating. After migration of the workers, the workers in North earn _____ per hour and South workers earn _____ per hour. A)$6.75; $4.25 B)$8.00; $4.25 C)$6.75; $3.00 D)$8.00; $3.00

The Figure Given Below Represents the Effects in the Labor