How should he change his consumption

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Question: Mr. Douglas's marginal rate of substitution is six slices of bread for two Pepsis at the present combination of Pepsi and bread he is consuming. If the price of each Pepsi is $2.00 and the price of a slice of bread is $3.00, is Mr. Douglas maximizing his utility? If not, how should he change his consumption? Briefly explain your response.

Reference no: EM132493404

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