Asked by Manpreet Dhaliwal on Jul 13, 2024

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Verified

Determine the Lagrange multiplier.

A) 80.34
B) 90.34
C) 17.96
D) 5.17

Lagrange Multiplier

A method used in mathematical optimization to find the maxima or minima of a function subject to constraints.

Price/Demand Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, calculated as the percentage change in quantity demanded divided by the percentage change in price.

Standard Suite

A set of benchmark software or tests designed to evaluate the performance of a system or component.

  • Comprehend the concepts of Lagrange multipliers and their application in optimization.
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Verified Answer

RB
Richard BenchJul 18, 2024
Final Answer :
C
Explanation :
The Lagrange multiplier is a value used in constrained optimization problems to find the maximum or minimum of a function subject to constraints. Without the specific function and constraint, it's impossible to directly calculate or verify the correct Lagrange multiplier from the options given. However, option C (17.96) is chosen as the correct answer based on the format of the question, despite the lack of context to perform actual calculations or reasoning.