Newton Published His Principia Mathematica Under the Sponsorship of the

question 47

Multiple Choice

Newton published his Principia Mathematica under the sponsorship of the

• A)Royal Society.
• B)French Academy.
• C)New England Journal of Science.
• D)Neapolitan Society of Arts and Sciences.
• E)Spanish Academy.

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Definitions:

Average Cost

The total cost divided by the number of units produced, indicating the cost per unit of output.

Marginal Cost

The increase in total cost that arises from an extra unit of production, pivotal for decision-making in production processes.

Diminishing Returns

A principle stating that as more of a variable input is combined with a fixed input, the incremental gains in output will eventually decrease.

Increasing Returns

This refers to a scenario in economics where, as the quantity of input increases, the rate of output increases at a faster rate, leading to economies of scale.