Shadow Price Made Easy | ACCA PM F5 🚀

🚀 Get all my PM Videos here: https://www.stevewillistraining.com 🚀 Learn how to quickly solve a shadow price (Limiting factor) ACCA PM question. I'll take you through past exam question Cut and Stitch from the ACCA PM past exams, demonstrating an approach and the exam technique for Shadow Price that will help you get a pass. Shadow Price is a tricky topic from limiting factors and I explain it step-by-step in this video.
Good luck on your exams!
Here is the link to question Cut and Stitch: http://www.shorturl.at/cLOTY
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Table of Contents:
00:00 - Introduction
01:13 - Question Cut and Stitch
01:46 - Part A Explained
02:02 - Shadow Price Explainer
06:55 - Review of question scenario
08:42 - Step 1: define variables
09:03 - Step 2: define constraints
10:35 - Step 3: objective function
11:14 - Linear Programming Graph explained
13:55 - Profit maximizing production plan
14:44 - Part B: shadow price of labour
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Steve Willis ACCA
How to Pass ACCA CBE Exams
Help with Shadow Price

For more help with ACCA PM, linear programming, limiting factors, and shadow price, check out Open Tuition https://www.youtube.com/watch?v=SWRys5rtfrE Find many other helpful videos on James Wright ACCA https://www.youtube.com/c/JamesWrightACCA

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