A consumer has monotonic preferences. Arrange the following bundles (bananas, mangoes) from the most preferred to the least preferred.
(A) (10, 10)
(B) (10, 9)
(C) (9, 9)
(D) (11, 10)
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → (D), (A), (B), (C)
With monotonic preferences, a bundle with more of one good and no less of the other is preferred. Compare the bundles in pairs.
(D) (11, 10) — One more banana than (10, 10) and the same mangoes, so it is the most preferred.
(A) (10, 10) — One more mango than (10, 9) and the same bananas, so it comes before (B).
(B) (10, 9) — One more banana than (9, 9) and the same mangoes, so it comes before (C).
(C) (9, 9) — It has no more of either good than any other bundle, so it is the least preferred.
NCERT (2026-27): “Monotonic Preferences Consumer’s preferences are assumed to be such that between any two bundles (x1, x2) and (y1, y2), if (x1, x2) has more of at least one of the goods and no less of the other good compared to (y1, y2), then the consumer prefers (x1, x2) to (y1, y2). Preferences of this kind are called monotonic preferences. Thus, a consumer’s preferences are monotonic if and only if between any two bundles, the consumer prefers the bundle which has more of at least one of the goods and no less of the other good as compared to the other bundle.” |