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3. Suppose we have 2 factors of production at Home and Foreign. These factors of production are land (T) and labor (L) used to produce

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3. Suppose we have 2 factors of production at Home and Foreign. These factors of production are land (T) and labor (L) used to produce only one good. The supply of land in each country and the technology of production are exactly the same. The MPL in each country indicating the wage rate depends on the level of employment given through the following table: Number of Workers MPL 20 19 18 17 16 = JON VaUAWNE 15 14 Initially, there are 11 workers employed at Home but only 3 workers employed at Foreign. Find the effect on: a. The free movement of labor from Home to Foreign b. The real wage rate

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