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1)Giorgia is an 18 years old Italian student

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1)Giorgia is an 18 years old Italian student. Like other students in Italy, she just
received a cash gift called “Bonus Cultura” from the Italian government. The
cash gift is meant to boost the spread of reading and other cultural activities
among young people. The cash gift amounts to I (in e) and can be spent
on books, x1, and concert tickets, x2.
Giorgia’s preferences over books and concert tickets can be represented
by the utility function
U(x1, x2) = x
3/4
1 x
1/4
2

5. Suppose that p1 = e 15 and p2 = e 40. Derive analytically the Engel curve for books.
6. On a properly labeled graph, draw the Engel curve for books.
7. Calculate the income elasticity of the demand for books (use the symbol
ξx1
for the income elasticity). Based on the income elasticity, what type
of good are books? Explain your answer.
8. Suppose this year’s ”Bonus Cultura” (the cash gift) amounts to e 400.With the price information provided above, write Giorgia’s budget con-
straint.

Giorgia is an 18 years old Italian student. Like other students in Italy, she just received a cash gift called "Bonus Cultura" from the Italian government. The cash gift is meant to boost the spread of reading and other cultural activities among young people. The cash gift amounts to 1 (in €) and can be spent on books, 21, and concert tickets, 22. Giorgia's preferences over books and concert tickets can be represented by the utility function U (1,22) = 21 3/4 1/4 1. On a properly labeled graph, draw three indifference curves.
5. Suppose that p? = € 15 and p2 = € 40. Derive analytically the Engel curve for books. 6. On a properly labeled graph, draw the Engel curve for books. 7. Calculate the income elasticity of the demand for books (use the symbol Sr, for the income elasticity). Based on the income elasticity, what type of good are books? Explain your answer. 8. Suppose this year's "Bonus Cultura" (the cash gift) amounts to € 400. With the price information provided above, write Giorgia's budget con- straint.

2)

Pick any Airline of your choice that has all the three types of Airline models International, Domestic and LCC, and answer the under given questions with respect to these airlines.

1. Comparative analysis based on how are they different from each other with valid examples.
2. What are the various types of Challenges faced by these airlines when talking about the current pandemic situation? How do you think they can be profitable again in the future? Explain in detail

with references please