Question: You are given the following utility function: () = ^3 +8^2 +334. Which one of the following statements is correct? A. The utility function is
You are given the following utility function: () = ^3 +8^2 +334. Which one of the following statements is correct? A. The utility function is strictly concave for all x>0 B. The utility function is strictly increasing for all x>6 C. The utility function is strictly decreasing for all x>6 D. The marginal utility is zero for x=0 E. The utility function exhibits diminishing returns for all x > 0
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