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Microeconomics

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Preferences and Indifference Curves, a Little Off Base

MICRO-1BUGIE

Based on the following graph of an indifference curve, what would one's preferences for A and B look like? Assume utility increases with consumption.

A

A is strictly preferred to B, $A \succ B$.

B

B is strictly preferred to A, $B \succ A$.

C

A is indifferent from B, $A \sim B$.

D

Based on the graph, there is not enough information to determine preferences.