Question
Suppose your friend is indifferent to the bundles (4,6) and (6,6). Are the preferences of your friend monotonic?
Answer: Option B
:
B
If a consumer has monotonic preferences, he would prefer the bundle (6,6) to the bundle (4,6), because the bundle (6,6) has more of Good-1 as compared to the bundle (4,6)
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:
B
If a consumer has monotonic preferences, he would prefer the bundle (6,6) to the bundle (4,6), because the bundle (6,6) has more of Good-1 as compared to the bundle (4,6)
Was this answer helpful ?
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