Questions: Constrained Optimization Applications

3 questions to test your understanding

Score: 0 / 3
Question 1 Multiple Choice

To minimize f(x, y) subject to the constraint g(x, y) = 0, the Lagrange condition requires:

A∇f = 0 at the solution
B∇f = λ∇g for some scalar λ
C∇g = 0 at the solution
Df(x, y) = g(x, y) at the solution
Question 2 True / False

At a constrained optimum, the gradient of the objective function f should equal the zero vector.

TTrue
FFalse
Question 3 Short Answer

A factory maximizes output f(x, y) subject to a budget constraint g(x, y) = 5000. The Lagrange multiplier λ = 12. What does this value mean practically?

Think about your answer, then reveal below.