Question: Could Figure 3.2 be a single indifference curve if preferences are mono-tonic? Figure 3.2 : X2 Alleged indifference curves X1 Indifference curves cannot cross. If

Could Figure 3.2 be a single indifference curve if preferences are mono-tonic?


Figure 3.2 :

X2 Alleged indifference curves X1 Indifference curves cannot cross. If they did, X, Y, Z would all have to be indifferen

X2 Alleged indifference curves X1 Indifference curves cannot cross. If they did, X, Y, Z would all have to be indifferent to each other and thus could not lie on distinct indifference curves. and

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