Constrained Optimization: Cost Minimization w/ the Lagrangian Expression

This clips illustrates three steps to solve for cost minimization problem with the Lagrangian expression: 1. set up the Lagrangian; 2. take partial derivative with respect to K, L, and lambda; and 3. solve for three equations and two unknowns.

[jezzy]

Your lectures are very helpful. Please keep posting.

[consala]

glad to see you . Thank you very much !