SolveSuppose Fox has reference-dependent preferences over money, stickers, and airplanes. Lethis consumption in money, stickers, and airplanes bec1,c2, andc3, respectively, and let hisreference points in money, stickers, and airplanes ber1,r2, andr3, respectively. Then, Fox’sutility is given byv(c1-r1) +v(4c2-4r2) +v(4c3-4r3),wherev(x) =xforx≥0, andv(x) = 2xforx <0. Normalize Fox’s initial amount of moneyto zero, and suppose he starts off with zero stickers and zero airplanes.1. What will be Fox’s utility from losing two stickers, gaining one airplane, and gaining$6?2. Fox arrives at the experiment, and it turns out that he receives an $8 show-up bonus, which he doesnotincorporate into his reference point for money. Suppose Fox is givena sticker (and he does incorporate this into his reference point). Calculate his sellingprice by (i) writing down his reference point; and (ii) solving for the pricepS

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u. s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

Suppose that the free states of eldricia, a small nation, has consumption, investment, government purchases, imports, and exports as follows. consumption $140 investment $50 government purchases $45 imports $30 exports $15 calculate the free states of eldricia's gdp

Which best describes what financial planning skills ultimately enable an individual to do? to prepare for the future to determine lifetime income to determine the cost of living to learn from the past