Y= f(k, l) = a k1/2l1/2 the data for this economy is a=10, k0=200 and the initial population is l0=200. we will assume that everyone in this country works so that population equals employment and per-person gdp equals per-worker gdp. note that each worker starts off with one unit of capital to work with. we will analyze the short-run effects of an inflow of immigrants into the economy. it is short-run effects because we will keep the stock of capital fixed at its initial value. suppose that in 2018 the economy receives a large inflow of immigration that increases the labor force by 10% to l1=220. to answer the following questions, draw diagrams on paper for the labor market and for the capital market. make sure you label your axes and curves carefully. label the initial equilibrium as point a. now shift the appropriate curves and draw the short-run equilibrium and label it as point b. in the labor market the supply shifts to the ; and the demand shifts to the

Adog whistle manufacturer's factory was located near a residential area. the manufacturer used the most effective methods for testing its whistles, but it was impossible to completely soundproof the testing area. a breeder of champion show dogs bought some property near the factory and raised and trained her dogs there. although the whistles were too high-pitched to be perceived by human ears, they could be heard by the breeder's dogs. consequently, the dogs often were in a constant state of agitation. in a suit by the breeder against the manufacturer, what is the likely outcome? response - correct a the breeder will prevail on a trespass theory, because the sound waves are entering onto the breeder's property. b the breeder will prevail on a nuisance theory, because the sound of the whistles is a substantial interference with the breeder's use of her land. c the breeder will not prevail, because the sound of the whistles is not a substantial interference with the breeder's use of her land. d the breeder will not prevail, because the manufacturer has acted reasonably in testing its whistles.