Hi Shane, the point of these is that you go through them with me with pen and paper, at your own pace. There's a typed version of these problems up for lecture 6.
faye
02/10/2010 at 9:03 am
How does the Lagrange Multiplier help us in our online test when its about firms setting prices,there is no example of using the multiplier in that sense any where?. All the examples are about consumer utility.Is there any other examples?.
Can we get that typed ? hard to read and to go over
Hi Shane, the point of these is that you go through them with me with pen and paper, at your own pace. There's a typed version of these problems up for lecture 6.
How does the Lagrange Multiplier help us in our online test when its about firms setting prices,there is no example of using the multiplier in that sense any where?. All the examples are about consumer utility.Is there any other examples?.
Hi Faye, I'll do another one this week to emphasize the connection.