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4. Anna decides to go to the store to purchase a new television. She is unsure of what the price will be for the television.
4. Anna decides to go to the store to purchase a new television. She is unsure of what the price will be for the television. She has reference-dependent preferences (with n = 1 and ) = 3) and can choose her reference point. She experiences consumption utility over two dimensions, money (C1) and computers (C2), such that m (C1) = 2C, and m(C2) = 100Cz. a. Find her willingness to pay using standard economic theory. b. Find her personal equilibriums. c. Find her preferred personal equilibrium
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