Which of these is an example of a monotonic preference?

(2,2) > (3,2)

No worries! We‘ve got your back. Try BYJU‘S free classes today!

(2,2) > (1,2)

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

(2.2) > (3,3)

No worries! We‘ve got your back. Try BYJU‘S free classes today!

(2,2) > (2,3)

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C (2,2) > (1,2)
Monotonic preferences would mean that between two bundles the consumer will choose the one where there is at least more of one good and no less of the other. As it would give him higher satisfaction.
(2,2)>(1,2) as there is more of one good and no less of the other.

Suggest Corrections

Similar questions

12

2 > 1

Which of these is an example of a transverse wave?

Which of these is an example of a celestial body?

Join BYJU'S Learning Program