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Old 10-25-2007, 10:33 AM
btmagnetw btmagnetw is offline
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Join Date: May 2007
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Default Kuhn-Tucker conditions; intermediate microeconomics

can someone explain what the following kuhn tucker conditions mean? this is for consumer utility problems, p=price of good, U(x)=utility, and x=amount of goods. lambda is the lagrangian multiplier, which apparently represents the marginal utility of income, but i can't figure out how to use it.

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