If a consumer has monotonic preferences, can she be indifferent between the bundles (10, 8) and (8, 6)?
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If a consumer has monotonic preferences, can she be indifferent between the bundles (10, 8) and (8, 6)?
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According to monotonic preferences, a customer cannot choose between these two bundles because bundle 1 contains more of both commodities than bundle 2. Bundle 1 is preferred above bundle 2 since it contains 10 units of Good 1 and 8 units of Good 2, whereas bundle 2 contains 8 units and 6 units of Good 1 and Good 2, respectively.
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