(a) In the rst round, one respondent ranked alternative C as best, and ranked A as tied with B. Plot the different combinations on a graph, with Fish Stocked on the horizontal axis and Miles of Hiking Trails on the vertical axis. Draw indifference curves that reect this set of preferences. Do these indifference curves reect free disposal, slope downward, and not cross, as indifference curves should? (b) Based on the comparison of alternatives A and B, how does this respondent trade off between sh stocking and hiking trails? In other words, if he were to give up 100 sh stocked, about how many miles of hiking trails would he need to get in compensation? What does this comparison tell you about how this respondent values sh stocking compared to hiking trails? (c) When the respondent was presented with the cost information, he changed his ranking so that A was best, C was second best, and B was least preferred. Does the fact that A and B are no longer equally preferred mean that the respondent is inconsistent in his preferences? Why or why not? ((1) Compare alternatives A and C. What can you say about how much the respondent is willing to pay for 300 additional sh stocked when there are already 100 stocked? (e) Now compare alternatives B and C. What can you say about how much the respondent is willing to pay for 6 additional miles of hiking trails when there are already 2 additional miles of trails