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1is it reasonable to assume that people seek to equate the

1.Is it reasonable to assume that people seek to equate the marginal utility/price ratios of the goods that they purchase, if

(a) They have never heard of â€˜utility, let alone â€˜marginal utility;
(b) Marginal utility cannot be measured in any absolute way?

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Managerial Economics: 1is it reasonable to assume that people seek to equate the

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