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

He might prefer C to A, and C to B

He might prefer C to A, and A to B

He might prefer C to A, and B to C

He might prefer A to C, and B to C

He might be indifferent between C, A, and B

Suppose A spends $1,000 a year on food. The government now gives him $500 in food stamps.What do we know about A's spending? Assume food is a normal good. Check *all* that apply.

The effect of the food stamps on A's cash expenditure must be the same as the effect of a hypothetical $500 gift in cash

The effect of the food stamps on A's cash expenditure must be the same as the effect of a hypothetical $500 voucher than can be spent only on non-food

A might consume exactly $1,000 a year on food

A might consume less than $1,000 a year on food