In this unit we learned to apply the utility maximization model and show its use as an analytical tool, evaluate the relationship between diminishing marginal utility and a wide range of consumer behavior, examine the costs of production and the marginal productivity of inputs, and differentiate the four major forms of market structures and their marketing strategies. Let's extend the discussion by examining the practical implications of these concepts. Bill spends his money on flowers and cookies so as to maximize his total utility. Both flowers and cookies start off costing $2 each. At that price, Bill buys three flowers and two cookies. When the price of flowers is lowered to $1, Bill buys eight flowers and one cookie. Will Bill's budget line shift outward when the price of flowers fell? Please explain