6. Billy's preferences are complete, transitive, monotonic and convex. He is currently spending his entire candy budget on 20 candy bars and 30 lollipops. According to his preferences, you can take away up to 5 candy bars if you give him 10 more lollipops without changing his utility. The price of a candy bar is $1.50, and the price of a lollipop is $0.50. Is he maximizing his utility given his budget constraint? If not, how should he change his consumption bundle? EDP-579'?\" No, he should buy more candy bars and fewer lollipops. No, he should buy more lollipops and fewer candy bars. No, he should buy more lollipops and more candy bars. No, he should buy fewer lollipops and fewer candy bars. Yes, he is maximizing his utility. 7. A consumer has preferences for coffee and pancakes that are complete, transitive, monotonic, and convex. At her current consumption bundle on the budget line, you can take away a maximum of 3 cups of coffee if you give her 2 extra pancakes without changing her utility. The price of a cup of coffee is $4, and the price of a pancake is $2. Which of the following is true at the current consumption bundle, assuming you graph pancakes on the Y-axis and coffee on the X-axis'? a. The bang per buck is higher for pancakes than coffee, and the consumer's indifference curve is steeper than her budget line. b. The bang per buck is higher for coffee than pancakes, and the consumer's indifference curve is steeper than her budget line. c. The bang per buck is higher for pancakes than coffee, and the consumer's indifference curve is atter than her budget line. d. The bang per buck is higher for coffee than pancakes, and the consumer's indifference curve is atter than her budget line