What does prefered mean?

Anonymous

∙ 12y ago

Updated: 4/21/2022

A Consumer Prefernces Are Monotic if and only if Between Any Two Bundles,the Consumer Prefers The Bundle Which Has More Of At Least One Of The Commodity And No Less Of The Other Commodity As Compared To Other Bundle.

For Example = If The Consumer Has Monotic Preferences, he Would Prefer The Bundle(2,2) To The Bundle(1,2).

Akshay kumar

Marlin Hettinger ∙

Lvl 10

∙ 3y ago

What else can I help you with?

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