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utilities Given U - 10X + 3X3 -(1/3) X' is a utility function of the use of one item X. Use derivative formulas (differentiation: du/dX)

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utilities

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Given U - 10X + 3X3 -(1/3) X' is a utility function of the use of one item X. Use derivative formulas (differentiation: du/dX) to calculate the utility of the suit. a. Calculate the number of utilities. Get the utility function of suits and counting suit utilities for X item usage levels from 0 to 7 units. X (unit) 0 1 8:3 5 Total utilities Suit utility b. Does this individual choose a usage level of more than 7 units? Explain your

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