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

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answerhappygod
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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,

Post by answerhappygod »

Is it reasonable to assume that people seek to equate the
marginal utility/price ratios of the goods that they purchase, if
they have never heard of ‘utility’, let alone ‘marginal utility’,
and marginal utility cannot be measured in any absolute way?
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