Question

Define monotonic preferences of a consumer. ​

Answer 1

Answer:

An agent's preferences are said to be strongly monotonic if, given a consumption bundle , the agent prefers all consumption bundles that have more of at least one good, and not less in any other good.

Explanation:

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Answer 2

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HERE IS YOUR ANSWER:-

An agent's preferences are said to be strongly monotonic if, given a consumption bundle , the agent prefers all consumption bundles that have more of at least one good, and not less in any other good.

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