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Question Practice

If a consumer's preferences are monotonic, what does this imply?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Theory Of Consumer Behaviour
Question Bank

If a consumer's preferences ar...

Single Answer MCQ
Q-00089328

If a consumer's preferences are monotonic, what does this imply?

1

All goods are perfect substitutes

2

More of one good is preferred to less

3

Indifference curves are horizontal

4

Utility is constant regardless of consumption

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Q1.

What does the law of diminishing marginal utility state?

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Q2.

If a consumer prefers more of a good as long as its marginal utility is positive, what will they do?

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Q3.

Which of the following best describes an indifference curve?

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Q4.

What shapes the typically convex shape of an indifference curve?

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