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A consumer's preferences over consumption bundles (x,y) are strictly monotonic and strictly convex.The consumer is indifferent between (4,6) and (5,4).Does the consumer strictly prefer (4,6)
A consumer's preferences over consumption bundles (x,y) are strictly monotonic and strictly convex.The consumer is indifferent between (4,6) and (5,4).Does the consumer strictly prefer (4,6) to (5.25;3.5)?
a.
No
b.
None of the other answers.
c.
It depends on the consumer's preferences.
d.
Yes
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