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8. (15 points) Home and Foreign have two factors of production, land and labor, used to produce only one good. The land supply in each

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8. (15 points) Home and Foreign have two factors of production, land and labor, used to produce only one good. The land supply in each country and the technology of production are exactly the same. The marginal product of labor (MPL) in each country depends on employment as follows: Initially there are 11 workers employed in Home but only 3 workers in Foreign. Find the effect of free movement of labor from the high wage to the low wage country. When such economic migration ceases, what will be the levels of production, real wages and the income of landowners in each country? How will it affect the total production in the world

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