The main difference between shadow prices and Lagrange multipliers involves the range of RHS values over which the shadow price or Lagrange multiplier remains valid

Name: The main difference between shadow prices and Lagrange multipliers involves the range of RHS values over which the shadow price or Lagrange multiplier remains valid
Brand: Quizplus
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Question

​The main difference between shadow prices and Lagrange multipliers involves the range of RHS values over which the shadow price or Lagrange multiplier remains valid

Quizplus · Accepted Answer

Shadow prices are valid over a specific range of RHS values, while Lagrange multipliers are valid over the entire feasible region.

​The Main Difference Between Shadow Prices and Lagrange Multipliers Involves

The Main Difference Between Shadow Prices and Lagrange Multipliers Involves