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    egg's Avatar
    egg Posts: 1, Reputation: 1
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    #1

    Apr 23, 2003, 12:27 AM
    Microeconomics
    What is Lagrangian multiplier regarding optimization?
    2006's Avatar
    2006 Posts: 1, Reputation: 1
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    #2

    Mar 23, 2007, 11:00 AM
    Quote Originally Posted by egg
    What is Lagrangian multiplier regarding optimization? ???
    Explain why marginal product first rises,then declines and ultimately becomes negative?
    Ditsmarits's Avatar
    Ditsmarits Posts: 1, Reputation: 1
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    #3

    Mar 8, 2011, 10:26 AM
    It is to determine your optimum bundle of goods so that you can get the most possible utility with in the budget constraint.
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