Examlex
An increase in the price of pizza will shift the demand curve for pizza to the left.
Constraint
A Constraint refers to a limitation or restriction on the variables of an optimization problem, often defining the permissible solutions in mathematical modeling and decision-making processes.
Objective Function
A mathematical function used in optimization to define the goal of the solver, such as minimizing costs or maximizing profits.
Fabricating Department
A specialized part of manufacturing where products are assembled, shaped, or otherwise fabricated from raw materials.
Net Profit
The amount of money left over after all operating expenses, taxes, and costs have been subtracted from total revenue.
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