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)?
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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If a consumer has monotonic preferences, then her preferences will rank as follows:
1st(10,10) 2nd(10,9) 3rd(9,9)
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