Discusison: Economics
o 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.
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.