If a problem contains data on profit as well as cost, it has to be broken down into two problems-one involving cost minimization and the other involving profit maximization.

Question

Quizplus · Accepted Answer

A problem containing data on both profit and cost can be solved as a single optimization problem, typically aiming for profit maximization, which inherently considers both revenue (and thus profit) and cost factors together.

If a Problem Contains Data on Profit as Well as Cost