Question: Please give detailed explanations /illustrations for the situation below using in-text citations showing from the references provided that you will be usingfor the situation and

Please give detailed explanations /illustrations for the situation below using in-text citations showing from the references provided that you will be usingfor thesituationandquestionsbelow.

Also, please add the source/references used at the end, some sources that can be used (and any other sources can be included) to complete the sections below are:

Situation

I am a believer that space exploration and travel/tourism will produce several trillionaires. Currently, there is a competitive race going on between some powerful businessmen. Read these articles:

https://www.marketwatch.com/story/billionaire-space-race-as-richard-branson-and-jeff-bezos-blast-off-heres-how-their-suborbital-trips-match-up-11625840430?siteid=yhoof2&yptr=yahoo

https://finance.yahoo.com/news/the-billionaires-of-tomorrow-will-be-made-in-space-astra-ceo-193629562.html

Questions

Using economic theory how would you explain the difference in way Jeff Bezos goes about maximizing her utility compared to Richard Branson?

What are some of the opportunity costs of space tourism? Space exploration?

Do you believe space exploration and travel/tourism will be profitable? If yes, how do you join the billionaires in this space race?

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