Suppose A Consumer’s Preferences Are Monotonic. What Can You Say About Her Preference Ranking Over The Bundles (10, 10), (10, 9) And (9, 9)? Doubt Answers

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2 years ago

Suppose a consumer’s preferences are monotonic. What can you say about her preference ranking over the bundles (10, 10), (10, 9) and (9, 9)?

1 Answer

2 years ago

A consumer's preferences will rank as follows: Rank 1st - (10, 10) Rank 2nd - (10, 9) Rank 3rd - (9, 9) Ranks are based on monotonic preferences.

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