Economics 2152A/B Lecture 1: 5.9.19

16) 16) Max has allocated $100 toward meats for his barbecue. His budget line and an indifference map are shown in the above figure. Which of the following best describes Max's preferences? A) a = b >e B) d>b>e C) a = b c D) d= b = e

Part (d) [2 MARKS] Complete method __init__ in class Flight: def __init__(self, plane): (Flight, Airplane) -> None Type Create a Flight with an empty passenger list on airplane plane. >>> a = Airplane ('Boeing 747', '19643', 366, 45267.7) >>> f = Flight(a) >>> str(f.airplane) 'Airplane (Boeing 747, 19643, 366, 45267.7) >>>> f.passengers

Suppose Jim has preferences that can be described as complete, transitive, and monotonic. There are 26 goods in Jim's world, each represented by a letter in the alphabet. We know that Jim has the following ranking: A > E > I > O > U and E > D > C > B. If I offer Jim good C and good A, which will he choose and why?