Limiting factor | Explained with Example

In this lesson, we explain what limiting factor is, why it is completed, go through the steps of calculating limiting factor, and complete an example of calculating maximum profit in a limiting factor question.

00:00 Limiting factor explained
01:50 The purpose of Limiting Factor Analysis
02:45 Examples of Limiting Factors / Resources
03:20 Limiting Factor Assumptions
06:07 Steps to follow in answering a Limiting Factor Question
07:35 Limiting Factor Analysis Full Example
08:54 Limiting factor identification
12:29 Limiting factor contribution formula
14:11 Contribution per limiting factor

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