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Jose is currently purchasing three pairs of jeans and five T-shirts per year. The price of the jeans was $30, and T-shirts cost $10. At
Jose is currently purchasing three pairs of jeans and five T-shirts per year. The price of the jeans was $30, and T-shirts cost $10. At his current rate of consumption, the marginal utility of jeans is 60, and the marginal utility of T-shirts is 30. Is Jose maximizing his utility? What would you suggest he do if he could change his consumption of jeans and T-shirts
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