3. Suppose there are two types of people in the country of Diplandia: people who value only food, and people who value both food and movie tickets. The government of Diplandia is considering moving from a cash-welfare system to a food stamps system. The new system will provide the same benefit levels, but recipients will get stamps allowing them to buy food instead of cash. Explain how this change will affect the work efforts and utility levels of the two types of people in Diplandia. How do you think the change would affect the overall Diplandia economy

Ann and jack have been partners for several years. their​ firm, a​ & j tax​ preparation, has been very​ successful, as the pair agree on most​ business-related questions. one​ disagreement, however, concerns the legal form of their business. for the past two​ years, ann has tried to convince jack to incorporate. she believes that there is no downside to incorporating and sees only benefits. jack strongly​ disagrees; he thinks that the business should remain a partnership forever. ​ first, take​ ann's side, and explain the positive side to incorporating the business. ​ next, take​ jack's side, and state the advantages to remaining a partnership. ​ lastly, what information would you want if you were asked to make the decision for ann and​ jack? which of the following statements are the advantages of a partnership compared to a​ corporation? ​(choose all that​ apply.) a. less expensive to organize. b. ownership is readily transferable. c. lower income taxes. d. owners have limited liability. e. long life of firm.