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Suppose a consumer's preferences are monotonic. What can say about her preference ranking over the bundles (10,0), (10,9) and (9,9) ?

Answer» <html><body><p></p>Solution :If a consumer has monotonic preferences, then her preferences will rank as <a href="https://interviewquestions.tuteehub.com/tag/follows-994526" style="font-weight:bold;" target="_blank" title="Click to know more about FOLLOWS">FOLLOWS</a>: <br/> `<a href="https://interviewquestions.tuteehub.com/tag/1-256655" style="font-weight:bold;" target="_blank" title="Click to know more about 1">1</a>^(st) (10, <a href="https://interviewquestions.tuteehub.com/tag/0-251616" style="font-weight:bold;" target="_blank" title="Click to know more about 0">0</a>) "" 2^(nd) (10,9) "" <a href="https://interviewquestions.tuteehub.com/tag/3-301577" style="font-weight:bold;" target="_blank" title="Click to know more about 3">3</a>^(<a href="https://interviewquestions.tuteehub.com/tag/rd-613594" style="font-weight:bold;" target="_blank" title="Click to know more about RD">RD</a>) (9,9)`</body></html>


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