Question: 3. Suppose a consumer has preferences represented by the utility function u(x1, x2) = x2 + x7. Determine if these preferences are monotonic or convex.

3. Suppose a consumer has preferences represented by the utility function

3. Suppose a consumer has preferences represented by the utility function u(x1, x2) = x2 + x7. Determine if these preferences are monotonic or convex. What about strongly monotonic or strictly convex

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