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