Would the individual ever choose to consume more units

Reference no: EM13209499

Suppse a consumer utility derived from consuming banana is described by the function U=10X+3X^2-(1/3)X^3. Compute marginal utility.

a. Make a table showing total and marginal utility for X from 0 to 7 units.

b. Would this individual ever choose to consume more than 7 units? Explain.

Reference no: EM13209499

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