Marginal Utility and price calculation
Nancy is consuming her optimal consumption bundle of burritos and margaritas. The marginal
utility of her last burrito was 75 utils, and each burrito costs $3. Her marginal utility of her last
margarita was 100 utils. What is the price of a margarita? What would be the change in price of
Margarita (if any) if Nancy derives 25 utils more satisfaction from the last burrito?
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