CBSE Class 12-commerce Answered
If the consumer is indifferent to the bundles (6, 7) and
(7, 7), is the preference of the consumer monotonic?
Asked by Topperlearning User | 25 Apr, 2016, 11:03: AM
Expert Answer
No, the preference of the consumer is not monotonic because bundle (7, 7) should be monotonically preferred to bundle (6, 7).
Answered by | 25 Apr, 2016, 01:03: PM
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