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In: Economics

what does it mean when we say that the Marginal utilities per dollar spent is equal...

what does it mean when we say that the Marginal utilities per dollar spent is equal for two goods

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Expert Solution

suppose there are two goods X and Y, and the marginal utilities per dollar spent are equal for both goods means that consumer is neutral between these two goods because both are giving the same level of satisfaction.

Rahul Sunny answered 2 years ago
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