Suppose Tony is deciding on buying an expensive road bike. There are three periods: Period 0 Tony decides to buy or not to buy the bike. The cost of the bike is equal to P utility units. (u0(buy) = -P)
Period 1 If Tony has bought the bike, then he has to decide if he is going out for a ride. If he goes for a ride, then his effort generates a utility cost of E units of utility. (u1(ride) = -E)
Period 2 If Tony has bought a bike and has ridden on it, then a health benefit equivalent to B utility units accrues. (u2(ride) = B)

Required:
Suppose Tony is naive and absolutely patient in the long term (δ = 1) but has a severe present bias (β = 1/3 ). Assume again P = 2, E = 4 and B = 8. Is he in period 0 expecting to ride in period 1 if he buys the bike? Is he actually going to ride if he has bought a bike and arrives at period 1? Is he going to buy the bike?

Jen heard that the bank where she kept her money was going to close for good. jen said she wasn't worried

Price and efficiency variances, journal entries. the schuyler corporation manufactures lamps. it has set up the following standards per finished unit for direct materials and direct manufacturing labor: direct materials: 10 lb. at $4.50 per lb. $45.00 direct manufacturing labor: 0.5 hour at $30 per hour 15.00 the number of finished units budgeted for january 2017 was 10,000; 9,850 units were actually produced. actual results in january 2017 were as follows: direct materials: 98,055 lb. used direct manufacturing labor: 4,900 hours $154,350 assume that there was no beginning inventory of either direct materials or finished units. during the month, materials purchased amounted to 100,000 lb., at a total cost of $465,000. input price variances are isolated upon purchase. input-efficiency variances are isolated at the time of usage. 1. compute the january 2017 price and efficiency variances of direct materials and direct manufacturing labor. 2. prepare journal entries to record the variances in requirement 1. 3. comment on the january 2017 price and efficiency variances of schuyler corporation. 4. why might schuyler calculate direct materials price variances and direct materials efficiency variances with reference to different points in time

True tomato inc. makes organic ketchup. to promote its products, this firm decided to make bottles in the shape of tomatoes. to accomplish this, true tomato worked with its bottle manufacture to create a set of unique molds for its bottles. which of the following specialized assets does this example demonstrate? (a) site specificity (b) research specificity (c) physical-asset specificity (d) human-asset specificity