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. As a result of migration, the employers in North: A)lose $131.25 million. B)gain $31.25 million. C)gain $162.5 million. D)lose $100 million.

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. As a result of migration, the employers in North: A)lose $131.25 million. B)gain $31.25 million. C)gain $162.5 million. D)lose $100 million.

The Figure Given Below Represents the Effects in the Labor