Munich Personal RePEc Archive

Sensitivity Analysis among Commodities and Coupons during Utility Maximization

Mohajan, Devajit and Mohajan, Haradhan (2022): Sensitivity Analysis among Commodities and Coupons during Utility Maximization. Published in: Frontiers in Management Science , Vol. 1, No. 3 (6 December 2022): pp. 13-28.

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In mathematical economics utility is the vital concept. In the society utility is considered as the tendency of an object or action that increases or decreases overall happiness. This study tries to discuss sensitivity analysis during utility maximization investigation. Actually the method of Lagrange multipliers is a very useful and powerful technique in multivariable calculus. In this paper mathematical formulation of Lagrange multipliers is derived through the optimal devise. This article has taken attempts to find relations among commodities and coupons when the prices of different commodities increase or decrease.

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