Refer to Scenario 5.8. Without additional information, Icarus ...

[wrbasek0]

Refer to Scenario 5.8. Without additional information, Icarus Airlines would
 
  A) lease only the one airplane it is sure it can use.
  B) lease 2 airplanes in order to guarantee it avoids the worst outcome, 10 million.
  C) lease 3 airplanes because 140 million is greater than 90 million.
  D) lease 3 airplanes because 75 million is greater than 60 million.
  E) lease 3 airplanes because heavy tourism is more likely than light tourism.

Question 2

An individual demand curve can be derived from the ________ curve.
 
  A) price-consumption
  B) price-income
  C) income-substitution
  D) income-consumption
  E) Engel

[daiying98]

Answer to Question 1

D

Answer to Question 2

A