Economy, asked by amanraj9810, 10 months ago

suppose there are three bundles containing good 1 and good 2 : bundle(10,10) (10,9) and(7,10). what bundle will be preferred by the consumer, if he has monotonic preference

Answers

Answered by tamannajain9631

Answer:

(10,10)

Explanation:

An agent's preferences are said to be strongly monotonic if 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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suppose there are three bundles containing good 1 and good 2 : bundle(10,10) (10,9) and(7,10). what bundle will be preferred by the consumer, if he has monotonic preference ​

Answers

suppose there are three bundles containing good 1 and good 2 : bundle(10,10) (10,9) and(7,10). what bundle will be preferred by the consumer, if he has monotonic preference