Determine the change in price of margarita, Microeconomics

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Determine the change in price of margarita

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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Microeconomics: Determine the change in price of margarita

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Microeconomics: Determine the change in price of margarita

Reference No:- TGS0517161

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Recent Questions Asked Microeconomics

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Ask an Expert for Answer!!

Microeconomics: Determine the change in price of margarita

Reference No:- TGS0517161

Recent Questions Asked Microeconomics

Q : What type of strategy consists of price discounts

Q : Estate tax credits

Q : What are your conclusions about salary equity now

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Q : Determine the change in price of margarita

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