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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
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 bundleC=(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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