Question

If the preferences of a consumer are monotonic, then which of the bundles – 3 eggs and 5 toasts or 4 eggs and 5 toasts will the consumer choose?
​

Answer 1

If the preferences of a consumer are monotonic, then which of the bundles – 3 eggs and 5 toasts or 4 eggs and 5 toasts will the consumer choose?

​

Explanation:

The monotony of the relationship of preference cab be defined as an economic term  that means the consumer prefers a larger consumer set to a smaller consumer set.  In most situations this property correlates with consumer behavior. Strict monotonic property is formulated as an axiom of consumer unsaturation.

The consumer will choose  4 eggs and 5 toasts