 Solution

Write the wire diameter as $d_w$ to distinguish it from other geometric labels. Its cross-sectional area is $A_w=\pi d_w^2/4$, and the total wire length is $4a$. From the electrical resistivity, its electrical resistance isWhile the loop straddles the boundary, let $h$ be the height of each vertical side remaining in the magnetic field. The linked magnetic flux has magnitude $Bah$, with $\dot{h}=-v$. Faraday's law therefore gives $|\mathcal{E}|=Bav$. Neglecting the loop's self-inductance, Ohm's law givesThe into-page magnetic flux is decreasing, so Lenz's law requires a clockwise electric current as viewed in the diagram. If the loop is wholly inside a uniform magnetic field, or wholly outside it, its magnetic flux is constant and this induced electromotive force is zero. During a rapid transient one should instead solve $L\dot{I}+RI=Bav$; at the assumed steady speed the same boxed relation holds.