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5. Consider a household's choices between meals and everything else it purchases. It is currently maximizing its utility. Part A) What is the utility maximizing

5. Consider a household's choices between meals and everything else it purchases. It is currently maximizing its utility.

Part A) What is the utility maximizing rule for the household. Explain the intuition of the rule.

Part B). Suppose the price of meals falls. How should the household readjust its spending to continue maximizing utility?

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