Mathematics · Limiting Factor Analysis
A company manufactures products L and M with variable costs: Testbook + 1 Material ($4/litre): L = $13 (3.25 L), M = $19 (4.75 L) Labour ($7/hour): L = $35 (5 hrs), M = $28 (4 hrs) Maximum monthly demand is 6,000 units for L and 8,000 units for M. Available monthly resources are 50,000 litres of material and 60,000 labour hours. Which statement is correct regarding limiting factors?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both material and labour are limiting factors✓
- 2Neither material nor labour is a limiting factor
- 3Material is not a limiting factor but labour is a limiting factor
- 4Material is a limiting factor but labour is not a limiting factor
Correct answer
Both material and labour are limiting factors
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