Question

A consumer is currently purchasing three pairs of jeans and five T-shirts per year. The price of jeans is $60, and shirts cost $10. At the current rate of consumption, the marginal utility of jeans is 240, and the marginal utility of shirts is 30. Based on the model of consumer choice, what should this consumer do to maximize utility? Purchase fewer shirts and more jeans. Purchase more shirts and fewer jeans. Purchase only jeans. This consumer is already maximizing utility. Purchase only shirts.

          A consumer is currently purchasing three pairs of jeans and five T-shirts per year. The price of jeans is $60, and shirts cost $10. At the current rate of consumption, the marginal utility of jeans is 240, and the marginal utility of shirts is 30.
Based on the model of consumer choice, what should this consumer do to maximize utility?
Purchase fewer shirts and more jeans.
Purchase more shirts and fewer jeans.
Purchase only jeans.
This consumer is already maximizing utility.
Purchase only shirts.

Added by Christopher C.

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