Please wait...
1800-212-7858 (Toll Free)
9:00am - 8:00pm IST all days

or

Thanks, You will receive a call shortly.
Customer Support

You are very important to us

For any content/service related issues please contact on this toll free number

022-62211530

Mon to Sat - 11 AM to 8 PM

If the consumer is indifferent to the bundles (6, 7) and (7, 7), is the preference of the consumer monotonic?

Asked by Topperlearning User 25th April 2016, 11:03 AM
Answered by 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 Expert 25th April 2016, 1:03 PM
Rate this answer
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

You have rated this answer /10

Your answer has been posted successfully!

Latest Questions

CBSE XII Science Mathematics
Asked by haroonrashidgkp 17th August 2018, 3:58 PM
CBSE VIII History
Asked by ssriyali1639 17th August 2018, 3:53 PM
CBSE XII Science Hindi
Asked by adityanandswami123 17th August 2018, 3:53 PM

Chat with us on WhatsApp