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Manish is indifference to the bundles (4,7) " and " (4,8). Indicate, whether Manish has monotonic preference or not ?

Answer» <html><body><p></p>Solution :No, if Manish had monotonic preference, then he <a href="https://interviewquestions.tuteehub.com/tag/would-3285927" style="font-weight:bold;" target="_blank" title="Click to know more about WOULD">WOULD</a> have preferred (4,8) over (4,7) as it <a href="https://interviewquestions.tuteehub.com/tag/contains-11473" style="font-weight:bold;" target="_blank" title="Click to know more about CONTAINS">CONTAINS</a> more of <a href="https://interviewquestions.tuteehub.com/tag/one-585732" style="font-weight:bold;" target="_blank" title="Click to know more about ONE">ONE</a> commodity and no less of the other.</body></html>


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