Answered: Refer to the Harris-Todaro migration…

Refer to the Harris-Todaro migration model. Assume that unemployment is possible and the manufacturing wage is fixed at M1. What is the urban labour pool? O OL2 +L3 +L4 OL4 L1 L3+ L4

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Answer please fastly...

Refer to the Harris-Todaro migration model.
Assume that unemployment is possible and the
manufacturing wage is fixed at M1. What is the
urban labour pool?
L3+ L4
OL2 +L3 +L4
OL4
OL1

WA
A1
A2
A3
A4
q
L1
L2
N
L3
X
q
L4
WM
M1
M2
M3
M4

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