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hi there guys,could someone care to explain to me,what this actually means
when the iso-contribution line is drawn the point furthest away from the origin
along the iso-contribution line will be the point where we will achieve total
maximisation….i am thinking the point will definately be within the feasible region or the polygon whichever way u want to call it…..but according to the statement above
do they mean that it will be along the iso-contribution line but still within the
feasible region?????????helphi.
the maximum point a iso-contribution line can go away from the origin but within the feasible region for profit maximization and the maximum point a iso-contribution line can go near the profit for cost minimization.hope you get it….
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