In a minimization problem, the isocost line slides down and to the left through a feasible region to reflect decreasing costs.

Question

Quizplus · Accepted Answer

In a minimization problem, the objective is to minimize costs while satisfying constraints. As costs decrease, the isocost line shifts down and to the left to represent the reduced expenditure needed to achieve the same level of output. Therefore, the statement is true.

In a Minimization Problem, the Isocost Line Slides Down and to the Left