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When Using the Lagrangian Technique for Solving a Constrained Cost-Minimization λ\lambda

Question 19

Multiple Choice

When using the Lagrangian technique for solving a constrained cost-minimization problem,the Lagrangian multiplier λ\lambda is:


A) the optimal level of cost.
B) the minimized marginal cost.
C) the minimized total cost.
D) the maximized profit.
E) equal to zero.

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