Question: Derive the bottom equation using LS and the other logLj equation I think 2. Ij = max { p logis - with - F3 (s:

Derive the bottom equation using LS and the other logLj equation I think

2. Ij = max { p logis - with - F3 (s: bigli = logN + logd" + Flog woj Tj = max { R ( log N + log * " + Blogwoj ) - wilj - F 3 - lj - wjai = 0 ali - BN XM co. 3 - 1 = R . L - y - Bli = o wi log Li = log B - los x's - bos wi 8+ 1 Using LS , primal employment under monopolistic competing or : log lj = R [ log ( R . B ) + 1 [ logN + log- 1 ( 3

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