Question: How do you describe the method of decision-making process involved in each of the following consumption scenario -compensatory, conjunctive or lexicographic? Anna is loyal to

How do you describe the method of decision-making process involved in each of the following consumption scenario -compensatory, conjunctive or lexicographic?

Anna is loyal to Victoria Secret Pink because for her the brand is considered as "one product fit all"

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=+ a. Derive the equation describing labor demand in this economy as a function of the real wage and the capital stock. (Hint: Review Chapter 3.)

=+ The economy has 1,000 units of capital and a labor force of 1,000 workers.

=+ b. If the real wage can adjust to equilibrate labor supply and labor demand, what is the real wage?