Examlex
The value of total output decreases when labor leaves one industry and goes to another and capital leaves the second industry and goes to the first. This indicates that
Optimal Solution
The best possible outcome or decision that maximizes efficiency, minimizes costs, or achieves the desired goal under given constraints.
Degenerate
In mathematics and physics, it refers to a less general or simpler class of an entity or phenomenon with less symmetry or fewer distinctions.
Optimal Solution
An Optimal Solution refers to the best possible outcome or decision from a set of alternatives, often identified through processes like optimization in mathematics and computer science.
Transportation Model
A mathematical technique used for determining the optimal transportation route or method for minimizing cost and maximizing efficiency.
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