1. There are two economies. Economy A is dominated by the self-driving cars, which has the following production function: The production function of the self-driving car industry is: Y = K 1 2 (min{2H, 7L}) 1 2 , where K represents capital, H represents high-skilled labor, and L represents lowskilled labor. Economy B is dominated by the agriculture industry, which has the following production function: Y = K 1 3 (4H + 3L) 2 3 , where as before K represents capital, H represents high-skilled labor, and L represents low-skilled labor. Suppose an immigration policy in each economy increased the intake of low-skilled immigrants rapidly. In the short run, how would it affect the wage of high-skilled workers in each economy? (10 marks)