Answer to Question #121276 in Microeconomics for melissa

Question

If preferences of a consumer are monotonic, then which of the bundles – 3 eggs and 5 toasts or 4 eggs and 5 toasts will the consumer choose?

Answer 1

The monotony of the relationship of preference is an economic term meaning that the consumer prefers larger consumer sets over smaller ones. This property correlates with consumer behavior in most situations. The strict monotonicity property is formulated as the axiom of consumer unsaturation.

Answer: 4 eggs and 5 toasts