By the Method of Lagrange Multipliers, the Optimal Value of the Lagrange

question 65

Multiple Choice

By the method of Lagrange multipliers, the optimal value of the Lagrange multiplier equals the:

• A) marginal utility of income.
• B) marginal utility of each good.
• C) marginal utility per dollar spent on the last unit of each good.
• D) A and B above
• E) A and C above

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