CBSE Class 12-commerce Answered
If a consumer’s preference is monotonic, can the consumer
be indifferent between the combinations (10, 8) and (8, 4)?
Asked by Topperlearning User | 25 Apr, 2016, 11:03: AM
Expert Answer
The bundle (10,8) should be preferred instead of bundle (8,4) because bundle (10,8) has more of both goods.
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
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Asked by Topperlearning User | 25 Apr, 2016, 11:03: AM
ANSWERED BY EXPERT