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Not sure Suppose an individual is currently spending all of their income on a bundle of books and pizza, but they are not sure whether

Not sure

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Suppose an individual is currently spending all of their income on a bundle of books and pizza, but they are not sure whether the bundle maximizes their utility. Assume the individual has a strictly diminishing marginal rate of substitution over these two goods. At their current bundle of books and pizza, the individual's marginal utility from consuming books is 6 utils and their marginal utility from consuming pizza is 3 utils. If the current price of a book is $12 and the price of a pizza is $7, which of the following statements must be true: O The individual can increase their utility by consuming more books and less pizza O The individual is maximizing their utility O The individual can increase their utility by consuming more pizza and fewer books

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