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Question:

What do you mean by ‘monotonic preferences’?

Answer:

It means that the consumer prefers a particular bundle over the other bundle if the former consists of at least more of one good and no less of the other good.
Example: If bundle A (3, 5) and bundle B (3, 2) are available to the consumer, then he/she will prefer bundle A over bundle B as bundle A consists of more units of
good 2 than bundle B.


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  • 4 months ago

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  • Answered by Ekta Mehta
  • 4 months ago

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  • Answered by Ekta Mehta
  • 4 months ago

Taking Screenshots on your Samsung Galaxy M31s is very easy and quick.

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