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According to the principle of equal marginal utility for every dollar spent, consumers should plan their purchases so that the marginal utility for every dollar
According to the principle of equal marginal utility for every dollar spent, consumers should plan their purchases so that the marginal utility for every dollar spent is the same for all commodities. To put it another way, consumers should budget their money such that they get the same amount of "bang for their buck" from each dollar spent on items.
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