CBSE Class 12-commerce Answered
What is monotonic preference?
Asked by Topperlearning User | 25 Apr, 2016, 11:03: AM
Expert Answer
A monotonic preference means that a rational consumer always prefers more of a good as it offers the consumer a higher level of satisfaction. A consumer may have different preference sets corresponding to the different levels of income.
Answered by | 25 Apr, 2016, 01:03: PM
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ANSWERED BY EXPERT
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Asked by Topperlearning User | 25 Apr, 2016, 11:03: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 11:03: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 11:03: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Microeconomics
Asked by Topperlearning User | 25 Apr, 2016, 11:03: AM
ANSWERED BY EXPERT