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    Mary Is Maximizing Utility by Eating Three Pancakes and Two
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Mary Is Maximizing Utility by Eating Three Pancakes and Two

Question 134

Question 134

True/False

Mary is maximizing utility by eating three pancakes and two eggs. The principle of rational choice says that if there is diminishing marginal utility and the price of eggs rises, Mary will choose to eat more pancakes and fewer eggs.

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