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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › question

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by John Moffat.
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  • June 27, 2021 at 1:59 pm #626461
    xyzc
    Participant
    • Topics: 413
    • Replies: 175
    • ☆☆☆☆

    If the aim is to minimise costs, the solution is where the total cost line touching the feasible area at a tangent is as close to the origin as possible.
    If the aim is to maximise profit, the solution is where the total cost line touching the feasible area at a tangent is as far away from the origin as possible.
    What do the above two statements mean, including what does at a tangent mean and are these two statements correct

    June 27, 2021 at 2:51 pm #626471
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54738
    • ☆☆☆☆☆

    How many times do I have to tell you that I am not prepared to type out my lectures here just because you are not prepared to watch them.

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