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Question 6: Draw an indifference curve and its weakly preferred set for two goods that exhibit following preferences: 1. monotonic and convex preferences 2. monotonic and concave preferences 3. non-monotonic preferences
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At the point when a custome has monslsni nr peekevences then the puuchases favoss a goeata amount of too meochandise oa if nothing eloe one gpeat, and not less of any of the pacducts. Then agein on account of non- monotonie poefevenca tne cauase of enharement is questhionable and the eede feebly favood cet cant be .oesolved cult Susety Monotonc and conver pockéevena Indiffeoen e cuave Good 12) Menctonlc and concave pxfkvences Good 2 Pacfeored set. Indifebena cus ve

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