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Jake is currently maximizing utility by eating 3 cookies and 2 slices of pizza when the prices are $1 per cookie and $3 per slice
Jake is currently maximizing utility by eating 3 cookies and 2 slices of pizza when the prices are $1 per cookie and $3 per slice of pizza. Suppose the price of pizza rises, and Jake is no longer at his optimal point. To get back to the optimum, Jake needs to ______ the marginal utility of pizza by eating ______ slices of pizza.
A. Decrease; More
B. Decrease; Fewer
C. Increase; More
D. Increase; Fewer
E. Not enough information
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