Question: Given the following utility functions. (i) U= A 0.6 B 0.8 (ii) U= 85AB - 1.6A 2 B 2 Check whether the law of diminishing

Given the following utility functions.

(i) U= A0.6B0.8

(ii) U= 85AB - 1.6A2B2

Check whether the law of diminishing marginal utility holds for both goods A and B.

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