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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 ‘utility, let alone ‘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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