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Dana has standard consumer preferences over two goods: hours spent watching football (W) and hours spent playing football (P). He is indifferent between the bundles:A=(2W,
Dana has standard consumer preferences over two goods: hours spent watching football (W) and hours spent playing football (P). He is indifferent between the bundles:A=(2W, 1P)andB-(1W, 2P). He is offered a third bundle C=(1.5W, 1.5P).
Based on the preference assumptions, what might we say about Dana's preferences for C relative to A or B?
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