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This question concerns labor mobility between countries A and B.
a. Say that country A's MPL = -L + 10 and country B's MPL = 2L + 1. What would be the optimal amount of L? Note: country B's MPL is written in terms of the coordinates of country A.
b. If L was originally 4 (in terms of coordinates of country A), how much does welfare improve when labor migration is allowed?
Ken knows which a purchase money security interest in consumer goods perfects automatically, without filing. Although perfection is automatic, explain why might Ken decide to file financing statements on the credit sales which he makes?
Pipelines account for more than 20 percent of the intercity ton-miles but less than 5 percent of the revenue paid by shippers to transportation companies. What factors account for this contrast? Is this situation likely to change? Why or why not?
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