Constrained Optimisation maximize profit function subject to constraint using Lagrange's multiplier

[@pedrocolangelo5844]

Sir, your TH-cam channel is a life saver. Thank you for sharing your knowledge with us!

[@simmibelani9540]

Thank you so much .... First time seeing this much clarity in understanding mathematical concepts in Economics

[@ECONMATHS]

Thanks for the appreciation. Please share this channel with your Economics friends

[@Rosey98]

Yes very clear even. Thank you so much

[@suphianssegawa7767]

Great work🥰

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[@kondwanibanda3009]

Great work sir keep up with the great job

[@ECONMATHS]

Thanks for the appreciation brother. Keep watching and share

[@dikshagautam3870]

Value of lamda is -5

[@pankajsaini7061]

Sir last m lamra = -5 aa rha h
Then it means if we increase const. by one unit then profit decrease by 5 unit?

[@ECONMATHS]

Sorry . My mistake . Lambda is actually -5. Which implies if constant of constraint increases by one unit Value of OF ( profit function) should decrease by , approximately , 5 units. Thanks for pointing out the mistake

[@Aloukika9999]

@@ECONMATHS then change that mistake in the video sir because not everyone have the habit of reading comments some people do not get the idea to read . Kindly change it sir.

[@ECONMATHS]

@@Aloukika9999 not possible to edit the video on TH-cam.

[@dikshagautam3870]

If value of lamda is -5 how will it affect further statements? Please correct it if possible

[@MajidMajid-qz3oh]

Great sir

[@yakultghorL]

Hello sir, I'd like to ask why the derivative of lambda is multiplied by 3?

[@OGBOJIOLUCHUKWU-wy1yo]

Thanks sir

[@princess_bubblegum125]

Umm isn't y = 60
120/2 = 60 not 15
And
-5- lambda= 0
=> Lambda = -5
Since lambda cannot be negative...ergo you made a mistake from y = 15

[@ECONMATHS]

Sorry . My mistake . Lambda is actually -5. Which implies if constant of constraint increases by one unit Value of OF ( profit function) should decrease by , approximately , 5 units. Thanks for pointing out the mistake

[@godfredattaokyere693]

pls sir the lambda should be negative and not positive

[@ECONMATHS]

Sorry . My mistake . Lambda is actually -5. Which implies if constant of constraint increases by one unit Value of OF ( profit function) should decrease by , approximately , 5 units. Thanks for pointing out the mistake

[@KashmiriBayann]

Thanku

[@ECONMATHS]

Thanks for the appreciation brother

[@kalpitasahoo4512]

Sir puls 5 not

[@roobiyakm3940]

value of Lambda is here - 5 itis not 5: Then how can we intre pret

[@ECONMATHS]

You are right lambda is -5 . Didn't know whether Question was rightly posed .

[@ECONMATHS]

@aestheticsdior Sorry . My mistake . Lambda is actually -5. Which implies if constant of constraint increases by one unit Value of OF ( profit function) should decrease by , approximately , 5 units. Thanks for pointing out the mistake

[@jyotishG]

Poor sound quality plz solve it

[@pankajsaini7061]

Please tell me

[@harshikaraj1548]

Great!!
But,the value of lambda is -5, instead of +5

[@anisurazadpurkait9796]

Lamda will be -5

[@akanshasrivastava5347]

Lamda ki value minus 5

[@ECONMATHS]

My mistake