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Business, 23.10.2019 23:00 bradleycawley02

Suppose a region’s workforce of 14 million is initially split equally betweentwo cities, x and y. the urban utility curve peaks at 4 million workers, and beyondthat point the slope is$3 per million workers. the initial equilibrium utility level is$60. supposed city experiences technological innovation that shifts its utility curve upward by $12. (a) draw a pair of utility curves, one for x and one for y, and label the positions immediately after the innovation (before any migration). you do not need to draw the utility curve to the left of 4 million population. (b) how do workers in each city respond to the innovation.

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Suppose a region’s workforce of 14 million is initially split equally betweentwo cities, x and y. th...

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