Which of the following is an economic interpretation of zero-09454
Which of the following is an economic interpretation of zero value of Lambda in the Lagrangian function?
This multiple choice question (MCQ) is related to the book/course
vu eco404 Managerial Economics.
It can also be found in
vu eco404 Final Term - Quiz No.9.
Which of the following is an economic interpretation of zero value of Lambda in the Lagrangian function?
Output can be increased by relaxing the cost constraint
Constraint is not binding
Constraint is binding
It can not be interpret economically
