3) Explain the preferences of a consumer towards anchovies and chicken that are

Question

3) Explain the
preferences of a consumer towards anchovies and chicken that are represented in
the following diagram

Anchovies                            U = 10

5                                                                    U
= 20

                                                                                                   U =
30

3

2

                        5           17                28    Chicken

I need to know whether or not his graph is substitute between anchovies and chicken or is it a standard preference curve

Explanation / Answer

It is a standard preference curve. PLEASE RATE ASK IF U HAVE MORE DOUBTS BUT PLS RATE FIRST

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