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The Naval Stores Act led to which of the following?
Capacity Constraint
Limitations on the production capacity of a manufacturing plant, company, or economy, which can affect supply and pricing.
Binary Variable
A variable that has only two possible values, typically 0 and 1, to represent outcomes such as success/failure, yes/no, etc.
Objective Function
A mathematical function used in optimization to define the goal of the decision-making process, often involving maximizing or minimizing some quantity.
Shipping Cost
The expenses associated with transporting goods from one location to another.
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