Question 3 There are a total of 1,400 workers in the economy, and workers can either seek employment in one of two sectors: the Agricultural Sectar or the Manufacturing Sector. The graph below depicts the marginal revenue product curves for both sectors in the economy before the introduction of international trade. Wi 320 e 16 314 200 A0 &00 EDD 000 1200 1400 Fart (i): Suppose that the marginal product of the 300" worker in the Agricultural Sector is 24 units of output. That is, hiring the 300" worker in the Agricultural Sector increases the guantity of output by 24 units in that sector. What is the price of cutput sald in the Agricultural Sectar? Part (ii): Suppose that the marginal product of the 500" warker in the Manufacturing Sector is 0.04 units of output. That is, hiring the 500" warker in the Manufacturing Sector increases the quantity of output by 0.04 units in that sector. What is the price of output sold in the Manufacturing Sector? Part (iii): |dentify the allocation of the 1,400 workers such that there is no incentive for additional migration between the two sectors. Part (iv): Suppose that the country begins to export the product sold by the Agricultural 5ector, and as a result, 200 workers migrate from the Manufacturing Sector to the Agricultural Sector. By how much did exparting increase the marginal revenue product of each worker in the Agricultural Sector? Fart (v): Suppose that the country begins to export the product sold by the Agricultural Sector, and as a result, 200 workers migrate from the Manufacturing Sector to the Agricultural Sector. By how much does the equilibrium wage rise in each sector? Part (vil: Exporting leads the marginal revenue product of labor curve in the Agricultural Sector to shift upward. What is the source of this upward shift