Plot utility and marginal utility function on separate graph, Microeconomics

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Plot utility and marginal utility function on separate graph

Problem

Jimmy has the following utility function for hot dogs: U(H) =10H - H² , with MU_H = 10 - 2H.

a) Plot the utility and marginal utility functions on two separate graphs.

b) Suppose that Jimmy is allowed to consume as many hot dogs as he likes and that hot dogs cost him nothing. Show, both algebraically and graphically, the value of H at which he would stop consuming hot dogs.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Plot utility and marginal utility function on separate graph

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Microeconomics: Plot utility and marginal utility function on separate graph

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