Economy, asked by arfaat47, 1 year ago

What do u mean by monotonic preference?

Answers

Answered by rajbharanupam674
1
an agent prefixes are said to be strongly monotonic if given a consumption bundle the agent preface all consumption bundles that have more of at least one good and less in any other good this is said to be monotonic prefences
Answered by Anonymous
2

Monotonic preferences means that a rational consumer always prefers more of a commodity as it offers him a higher level of satisfaction .

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