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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

Correct Answer:

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