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In 1834, English Mathematics Professor Charles Babbage Designed a Calculator

question 44

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In 1834, English mathematics professor Charles Babbage designed a calculator called the Analytical Engine.


Definitions:

Marginal Cost

The increase or decrease in the total cost incurred from producing one additional unit of a good or service.

Industry Entry

The act of a new company entering an existing market with the intention of selling goods or services.

Profit Circumstances

Situations or factors that affect a company's ability to generate earnings above its costs.

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