This graph below shows a consumer facing a choice between a cash gift or merchandise of greater value.
Show, using a sketch graph, why a consumer prefers a cash gift rather than a larger gift of merchandise.

Question

This graph below shows a consumer facing a choice between a cash gift or merchandise of greater value.
 Show, using a sketch graph, why a consumer prefers a cash gift rather than a larger gift of merchandise.

Quizplus · Accepted Answer

The Answer of This graph below shows a consumer facing a choice between a cash gift or merchandise of greater value.
 Show, using a sketch graph, why a consumer prefers a cash gift rather than a larger gift of merchandise.

This Graph Below Shows a Consumer Facing a Choice Between