What is meant by the term beaten paths? How do such paths increase V p in Equation

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What is meant by the term beaten paths? How do such paths increase V_p in Equation (9.1) and thereby increase the likelihood of migration?

Equation 9.1

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Contemporary Labor Economics

ISBN: 978-1259290602

11th Edition

Authors: Campbell R. McConnell, Stanley L. Brue, David Macpherson

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Question Posted: Feb 17, 2020 07:21 AM

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What is meant by the term beaten paths? How do such paths increase V p in Equation

Question:

v, = E, – E, Σ (1 + i)" (1 + i)" n= 1 n=1

Step by Step Answer:

Solution probability of a person migrating changes inversely with the distance a person must move Th...View the full answer

Contemporary Labor Economics

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