The Lagrangian Method of Optimization Results in a New Variable $\lambda$

question 17

Multiple Choice

The Lagrangian method of optimization results in a new variable, $\lambda$ ,called the Lagrangian multiplier,which shows the additional to total utility from an additional unit of income.In other words, $\lambda$ expresses the:

• A)the budget constraint.
• B)the cost of acquiring an additional util of satisfaction.
• C)the marginal utility of income.
• D)the optimal level of utility.

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Definitions:

Relative Height

A cue in visual perception that allows individuals to judge distance based on the apparent height of objects in the field of view.

Field of Vision

The entire area that a person can see without moving their eyes or head.

Shape Constancy

The perceptual phenomenon where the perceived shape of an object remains constant despite changes in the viewing angle or distance.

Trapezoidal Image

An image or figure that has the shape of a trapezoid, which is a quadrilateral with at least one pair of parallel sides.