Is it reasonable to assume that people seek to equate the marginal utility/price ratios of the goods

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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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Economics

ISBN: 978-0273721307

7th edition

Authors: John Sloman, Alison Wride

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