Question

What is monotonic preference? ​

Answer 1

Answer:

In economics, an agent's preferences are said to be weakly monotonic if, given a consumption bundle x, the agent prefers all consumption bundles y that have more of all goods. That is, {\displaystyle y\gg x} implies y\succ x.

Answer 2

Answer:

In economics, an agent's preferences are said to be weakly monotonic if, given a consumption bundle x, the agent prefers all consumption bundles y that have more of all goods. That is, {\displaystyle y\gg x} implies y\succ x.