Question

Suppose, Mayank consumes Burger and Garlic Bread. Which of the following bundle of Burger and Garlic Bread will Mayank choose if he has monotonic preference?

विकल्प

• Bundle A (5,7)

• Bundle B (4,7)

• Bundle C (5,6)

• None of these

Answer 1

Bundle A (5,7)

Explanation:

With monotonic preferences, a consumer prefers a bundle with more of at least one good and no less of the other. Bundle A has more burger than B and more garlic bread than C.