Suppose a consumer’s preferences are monotonic. What can you say abo

1.	Suppose a consumer’s preferences are monotonic. What can you say about her preference ranking over the bundles (10, 10), (10, 9) and (9, 9)?
Answer» If a consumer has monotonic preferences, then her preferences will rank as follows: 1^st(10,10) 2^nd(10,9) 3^rd(9,9)

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

Answer»

If a consumer has monotonic preferences, then her preferences will rank as follows:

1^st(10,10) 2^nd(10,9) 3^rd(9,9)

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

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