SELECT * FROM question_mgmt as q WHERE id=10216 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=60 AND chapterId=609 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED)

Question:

If a consumer has monotonic preferences, can she be indifferent between the
bundles (10, 8) and (8, 6)?

Answer:

No, he/she cannot be indifferent towards these two bundles as bundle I consists of more of both goods as compared to bundle II. He/she will prefer bundle I over bundle II as it contains 10 units of good 1 and 8 units of good 2 as compared to 8 units and 6 units of good 1 and good 2 respectively in bundle II.


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  • Answered by Ekta Mehta
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  • Answered by Ekta Mehta
  • 4 months ago

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