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. The migration cost on a per hour basis is: A)$4.25. B)$6.75. C)$2.50. D)$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. The migration cost on a per hour basis is: A)$4.25. B)$6.75. C)$2.50. D)$3.00.

The Figure Given Below Represents the Effects in the Labor