Business, 22.10.2019 21:00 icantspeakengles
Aconsumer is currently purchasing three pairs of jeans and five t-shirts per year. the price of jeans is $30, and t-shirts cost $10. at the current rate of consumption, the marginal utility of jeans is 60, and the marginal utility of t-shirts is 30. is this consumer maximizing his or her utility? would you suggest that he buy more jeans and fewer t-shirts, or more t-shirts and fewer jeans?
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Aconsumer is currently purchasing three pairs of jeans and five t-shirts per year. the price of jean...
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