The Lagrange multiplier reflects the appropriate change in the objective function resulting from a unit change in the ________ of the constraint equation.
A) coefficient
B) objective function
C) right-hand side
D) shadow price

Question

Quizplus · Accepted Answer

The Lagrange multiplier reflects the appropriate change in the objective function resulting from a unit change in the right-hand side of the constraint equation. This can be seen from the Lagrangian equation, where the Lagrange multiplier is multiplied by the constraint equation's right-hand side.

The Lagrange Multiplier Reflects the Appropriate Change in the Objective