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  • Apr 23, 2003, 12:27 AM
    egg
    Microeconomics
    What is Lagrangian multiplier regarding optimization?
  • Mar 23, 2007, 11:00 AM
    2006
    Quote:
    Originally Posted by egg
    What is Lagrangian multiplier regarding optimization? ???
    Explain why marginal product first rises,then declines and ultimately becomes negative?
  • Mar 8, 2011, 10:26 AM
    Ditsmarits
    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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