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What is monotonic preferences?

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What is monotonic preferences?

Posted by Manish Shil 7 years ago

CBSE > Class 11 > Economics

1 answers

Kiran Jot Toor 7 years ago

It refer to the agents preference is strongly said to be monotonic if given a consumption bundle the agents prefers the all consumption bundles that have more of at least one good and not less is any good

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