Question

(A) Given that utility function for a consumer is given by u = (x-3)2 + (y-4)2
, draw any two
indifference curves for this consumer while clearly labelling the higher one as ‘H’ and lower one as
‘L’. Does he prefer more of a good to less of it? Does he prefer averages to extreme bundles?
Explain.

Answer 1

Answer:

hi

how r u

mark as brainlylist