The Lagrange multiplier is
A) the shadow price for the constraint coefficients.
B) valid over a range of changes in the RHS.
C) the rate of change in the objective value as the RHS of the constraint increases.
D) the minimum threshold for decision variables to enter the solution.

Question

Quizplus · Accepted Answer

The Lagrange multiplier is indeed the rate of change in the objective value as the right-hand side (RHS) of the constraint increases. It provides information on how much the objective function value would change with a marginal increase in the constraint's RHS, holding everything else constant.

The Lagrange Multiplier Is