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1. (20 points) The Table below describes the preferences of a representative consumer over pizzas and leisure. Under these preferences, is more preferred to less?

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1. (20 points) The Table below describes the preferences of a representative consumer over pizzas and leisure. Under these preferences, is more preferred to less? Do these preferences satisfy the "diminishing marginal rate of substitution" property? Explain your finding. Table 1: Question 1 Pizzas Leisure (hours) 15 6 11 8 12 13 15

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