Suppose your friend is indifferent to the bundles (5, 6) and (6, 6). Are the preferences of your friend monotonic?
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Why does the Southern Hemisphere experience winter and Summer Solstice indifferent times than that of the Northern Hemisphere?
When the North Pole is tilted towards the Sun, the Northern Hemisphere experiences Summer Solstice. At this time, since the South Pole is tilted away from the Sun, the Southern...
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Put your hand on your chest, when your breathe in, does your chest come out or go in?
On putting the hands on the chest, when I breathed in, my chest comes out.
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Take a deep breath in Ask your friend to measure your chest with a thread. Measurement ….. Now breathe out.
Measurement of the chest on taking a deep breath is 24 cm. Measurement of the chest on taking breath out is 20 cm. Yes, there is a difference in the measurements. The...
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If a consumer has monotonic preferences, can she be indifferent between the bundles (10,8) and (8, 6)?
No, he/she cannot be indifferent towards these two bundles as bundle 1 consists of more of both goods as compared to bundle 2. He/she will prefer bundle 1 over bundle...
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Suppose a consumer’s preferences are monotonic. What can you say about her preference ranking over the bundles (10, 10), (10, 9) and (9, 9)?
If a consumer has monotonic preferences, then her preferences will rank as follows: 1st(10,10) 2nd(10,9) 3rd(9,9)
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Suppose your friend is indifferent to the bundles (5, 6) and (6, 6). Are the preferences of your friend monotonic?
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...
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(a) Releases the extra amount of sugar which your friend has requested for. (b) Refuse your friend the extra amount and strictly follow the rules.
(d) This will make it very clear to him that doing small favours are not part of job. You are far more responsible for the position. The advise will show...
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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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Suppose a consumer's preferences are monotonic. What can you say about her preference ranking over the bundles
If a consumer has monotonic preferences then : (i) Bundle (10, 10) is monotonically preferred to bundle (10, 9) and bundle (9, 9). (ii) Bundle (10, 9) is monotonically preferred to bundle...
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Tick the right answer. In the beginning, the otter was aloof and indifferent
In the beginning, the otter was aloof and indifferent.
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