What is complementary slackness condition in economics?
What is complementary slackness condition in economics? The condition that either (i) λ = 0 and g(x*) ≤ c or (ii) λ ≥ 0 and g(x*) = c is called a complementary slackness condition. For a problem with many constraints, then as before we introduce one multiplier for each constraint and obtain the Kuhn-Tucker conditions, […]