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Question 5 1 pts Suppose an individual's MRS (of steak for beer) is 2:1. That is, at the current consumption choices he or she is

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Question 5 1 pts Suppose an individual's MRS (of steak for beer) is 2:1. That is, at the current consumption choices he or she is willing to give up 2 beers to get an extra steak. Suppose also that the price of a steak is $1 and a beer is 25. Then in order to increase utility the individual should 0 buy more steak and less beer. 0 buy more beer and less steak. 0 continue with current consumption plans. 0 Not enough information to answer the

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