Constrained Optimisation using Lagrange's Multiplier. #langrage #Multiplier #GATE #NET #ECONOMICS
11:37
YouTubeECON MATHS
Constrained Optimisation using Lagrange's Multiplier. #langrage #Multiplier #GATE #NET #ECONOMICS
This is first video on Constrained Optimization. In this video I have tried to solve a Quadratic Utility Function With the given constraint. The question was to maximize Quadratic Utility Function with the given constraint. The solution was like this 1. Set constraint equal to zero 2. Multiply it by 'lambda' 3. Form a Lagrange's Function 4 ...
63.6K viewsMay 5, 2020
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