Discussion:
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?