Question: Consider the single-good utility function U(x) = 3x2, with a marginal utility given by MUx = 6x. Plot the utility and marginal utility functions on

Consider the single-good utility function U(x) = 3x2, with a marginal utility given by MUx = 6x. Plot the utility and marginal utility functions on two separate graphs. Does this utility function satisfy the principle of diminishing marginal utility? Explain.

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