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ECON4004 (4B) Consider the following utility function (x denotes a good): U = 2(-10 + x)2 (i) Derive the marginal utility of x. kam S

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ECON4004 (4B) Consider the following utility function (x denotes a good): U = 2(-10 + x)2 (i) Derive the marginal utility of x. kam S 3 marks (ii) Using differentiation, verify if this utility function exhibits the law of diminishing marginal utility. 2 marks

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