The Lagrange Multipliers Can Be Used to

question 9

Multiple Choice

The Lagrange multipliers can be used to

• A) estimate the impact of a small change in the RHS of the constraints on the objective function
• B) estimate the impact of an arbitrary change in the RHS of the constraints on the objective function
• C) estimate the impact of a small change in the RHS of the constraints on the shadow prices
• D) estimate the impact of a large change in the RHS of the constraints on the shadow prices

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Definitions:

Communication Competency

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Liaison Skill

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