Linear programming means ________.

mathematical method of calculating the least- cost combination of the factors of production

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

mathematical method of input-output analysis

No worries! We‘ve got your back. Try BYJU‘S free classes today!

statistical method of calculating the least cost combination of the factors of production

No worries! We‘ve got your back. Try BYJU‘S free classes today!

mathematical method of calculating the theory of consumer behavior

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A mathematical method of calculating the least- cost combination of the factors of production
Linear programming is used to find out the cheapest combination of the four factors of production to produce a certain output. This method can be done using various equations and it can also be calculated by using diagrams.

Suggest Corrections

Similar questions

In the ___ method of calculating mean, we divide the deviations by a common factor to simplify calculations.

Calculate the standard deviation by :

(A) Actual mean method

(B) Direct method

3, 4, 6, 7, 10

Join BYJU'S Learning Program