Business, 18.06.2021 01:50 alejandraluna95

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) and B=(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?A. Dana might prefer C to A, and C to B. B. Dana might prefer C to A, and A to B. C. Dana might prefer C to A, and B to C. D. Dana might prefer A to C, and B to C. E. Dana might be indifferent between C, A, and B.

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Dana has standard consumer preferences over two goods: hours spent watching football (W) and hours s...

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