An iso-profit line:
A)can be used to help solve a profit maximizing linear programming problem.
B)is parallel to all other iso-profit lines in the same problem.
C)is a line with the same profit at all points.
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

An iso-profit line is a line that connects all the possible combinations of inputs that yield the same amount of profit. It can be used to help solve a profit maximizing linear programming problem by identifying the optimal combination of inputs that will maximize profit. Iso-profit lines are parallel to each other because they have the same profit. Therefore, they are equally spaced from each other. So, the answer is D- All of the above.

An Iso-Profit Line