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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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