Question

If the consumer has monotonic preferences, can she be indifferent between the bundles (10, 8) and (8, 6)?

Answer 1

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.