Q128
An iso-profit line represents.
A.
An infinite number of solutions all of which yield the same profit
AnswerB.
An infinite number of solution all of which yield the same cost
C.
An infinite number of optimal solutions
D.
A boundary of the feasible region
Answer: Option A
Solution
Answer: Option A
Solution:
An iso-profit line represents an infinite number of solutions all of which yield the same profit. The graph of the profit function is called an iso-profit line. It is called this because "iso" means "same" or "equal" and the profit anywhere on the line is the same.