Consider a region with workforce of 11 million in a single city. (W=workers, U=utility in $.) W 1 2 3 4 5 6 7 8 9 10 11 12 U 23 40 45 48 52 55 48 43 38 35 30 25 Suppose the government establishes a new city with 2 million workers, leaving 9 million workers in the old city. Assume that the number of cities remains at two. a) What will be the utility in the new city and the old city immediately following the establishment of the new city? b) Explain how a long run locational equilibrium will be reached. (You must use diagram(s) to illustrate your answer.) c) What will be the workforce in the new city and the old city in the long-run equilibrium? Consider a region with workforce of 11 million in a single city. (W=workers, U=utility in $.) W 1 2 3 4 5 6 7 8 9 10 11 12 U 23 40 45 48 52 55 48 43 38 35 30 25 Suppose the government establishes a new city with 2 million workers, leaving 9 million workers in the old city. Assume that the number of cities remains at two. a) What will be the utility in the new city and the old city immediately following the establishment of the new city? b) Explain how a long run locational equilibrium will be reached. (You must use diagram(s) to illustrate your answer.) c) What will be the workforce in the new city and the old city in the long-run equilibrium