Learning Contents:                                                              ·          Monotonic Preferences of the consumer   Monotonic Preferences: We always know that a rational consumer always prefers to have more of a good as it would give him a higher level of satisfaction. In other words, we can say that a consumer will always love to pick that basket of goods that has more articles as it will give him a higher level of satisfaction. The assumption of monotonic preferences means that more is better no matter how much more.                                                                    Or Monotonic preferences means that a consumer will always prefer that bundle of goods that will have at least more of one good and no less of the other as it gives him a higher level of satisfaction. Example 1: (8, 8) (8, 9) In the above two bundles if the consumer's preferences are monotonic he will choose bundle (8, 9) as there is more of one of the good and no le