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the consumers utility maximizing choice is where the ratio of the marginal utilities of two goods...

the consumers utility maximizing choice is where the ratio of the marginal utilities of two goods are equal to each other (Mux/Px = Muy/Py). What does this condition mean and why is it the utility maximizing choice? explain.

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maximize his oticity The Gusumese will a point whose at a MUX muy РУ Pe utility per the goods are Benofit Cost This condition

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