Why is it wrong to say utility is maximized when the marginal utilities of all goods are exactly equal correct the statement and explain?

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1237208

2026-03-25 12:25

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Utility is only consider as maximized when the last dollar spent on each goods are equal. or v can say ( when the marginal utility of the last dollar spent on each good is exactly the same as the marginal utility of the last dollar spent on any other good ) .

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