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Nebraska and lowa both have labor demand for attorney given by the function, w=180,000-3E. Labor supply is perfectly inelastic in both the states. There

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Nebraska and lowa both have labor demand for attorney given by the function, w=180,000-3E. Labor supply is perfectly inelastic in both the states. There are currently 20,000 attorneys in Nebraska and 15,000 in Iowa. If licensing requirements do not allow attorneys to practice in other states, each attorney in Nebraska earns $120,000 per year while each attorney in lowa earns $135,000 per year. If the two states enter into a cooperative relationship such that migration is allowed between the two states, what will be the equilibrium wage be for attorneys in Nebraska? [a] What will be the equilibrium wage be for attorneys in lowa? [b]

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