A consumer is currently purchasing three pairs of Jeans and five t-shirts per year. The price of jeans is $30 and the price of the t-shirts $10.00. At the current rate of consumption, the marginal utility of Jeans is 60 and the marginal utility of the t-shirt is 30. Is the consumer maximizing his utility. Would you advise him to buy more Jeans or more t-shirts? Use the formula for utility maximization to explain your answer.
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