2. 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. (udbuy) : 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. (11.1(7'2'de) : E) Period 2 If Tony has bought a bike and has ridden on it, then a health benet equivalent to B utility units accrues. (uride) : B) (a) Suppose Tony does not discount future utility. Which choices will he take in periods Oandl ifB > E+P? WhatwillhedoifB