Economy, asked by kaurharpreet09647, 8 months ago

If a consumer has monotonic preference,can she/he be different between the bundles (10,8) , ( 8,6 ) ?​

Answers

Answered by parveengakhar01560
1

If a consumer has monotonic preferences, can she be indifferent between the bundles (10, 8) and (8, 6)? No. the consumer can't be indifferent between the two. If the consumer's preferences are monotonic, she cannot be indifferent between the combinations (10, 8) and (8, 6).

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