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Suppose Your Friend is Indifferent to the Bundles (5, 6) and (6, 6). Are the Preferences of Your Friend Monotonic? - Economics

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Question

Suppose your friend is indifferent to the bundles (5, 6) and (6, 6). Are the preferences of your friend monotonic? 

Short Note

Solution

It is given that my friend is indifferent towards the bundles (5, 6) and (6, 6). This implies that his/her preferences are not monotonic. If he/she is indifferent towards both the bundles, then it means that he/she derives the same level of satisfaction and assigns them the same rank. However, the second bundle consists of more of both the goods. Thus, according to the monotonicity assumption, he/she must prefer the second bundle over the first.

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Preferences of the Consumer
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Chapter 2: Theory Of Consumer Behaviour - Exercise [Page 35]

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NCERT Economics - Introductory Microeconomics [English]
Chapter 2 Theory Of Consumer Behaviour
Exercise | Q 13 | Page 35
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