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Given the following information for a consumer and assuming a fixed budget: -MU/price for fresh-made pizza is 7 and for frozen pizza is 5 -Price
Given the following information for a consumer and assuming a fixed budget:
-MU/price for fresh-made pizza is 7 and for frozen pizza is 5
-Price of fresh-made pizza is 10 and for frozen pizza is 4
a. Is the person maximizing total utility?
b. How do you know?
c. How do you think this persons buying might change in the future if at all?
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