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If the Consumer Has Monotonic Preferences, Then Can He/She Be Indifferent Towards Bundles (10, 8) and (8, 6)? - Economics

Short Note

If the consumer has monotonic preferences, then can he/she be indifferent towards bundles (10, 8) and (8, 6)? 

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Solution

No, he/she cannot be indifferent towards these two bundles as bundle I consists of more of both goods as compared to bundle II. He/she will prefer bundle I over bundle II as it contains 10 units of good 1 and 8 units of good 2 as compared to 8 units and 6 units of good 1 and good 2 respectively in bundle II.

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APPEARS IN

NCERT Class 12 Economics Introductory Microeconomics
Chapter 2 Theory Of Consumer Behaviour
Exercise | Q 11 | Page 34
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