Averages are preferred to extremes | Well Behaved Preferences| |11|

[@nishantmehraecopoint]

This video talks about the second property of well behaved preferences :
1) Averages are preferred to extremes
2) People generally consume mixture of goods, instead of specialising in consumption of just one good
Reference : Varian Chapter 3
This is useful for those who are preparing
1) Intermediate Microeconomics Course in their semesters
2) UGC Net Economics
3) Basics of MA Economics Entrance Exam (DSE/ISI/JNU/IGIDR/MSE)
4) Indian Economic Services
For any course related query please call 9999886629
or visit nishantmehra.com for IAS Economics Optional/ Indian Economic Services/ UGC Net Economics
or visit Ecopoint.in for MA Economics Entrance Coaching

[@kritiraj486]

Hats off to you sir 🙏🙏

[@parthasaikia5418]

Sir are convex sets monotonic or not