I guess formal and informal refer to two types of essay - you can write a formal essay where you avoid conversational language and such and where you need to be very professional, or you can write informally where you don't have to think about such things, it is very casual.
I believe that based on this context, Faustus is being compared to Icarus.
In Greek mythology, Icarus was the son of Daedalus, who created a labyrinth where Minotaur was kept imprisoned. Daedalus and Icarus were too prisoners of the same island, and they wanted to escape using the wings that Daedalus made. However, Icarus flew too high near the Sun, and the wax on his wings melted and he fell to his death.
Waste money.
Lose family and friends.
Lose health.
Get in trouble with the law,
-Steel jelly
Answer:
All of these can help you as you plan your research.
Explanation:
All of these are correct.