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1 year ago

Corporations are classified into one or more categories that reflect their overall _______. (choose all the correct answers)

1 answer:

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Companies are divided into one or more categories based on their general objectives; capitalization and structure (also location).

<h3>What do corporation do?</h3>

A corporation is a type of legal entity with the power to hold property, sign contracts, and bring and receive legal actions. It is a group of people who collaborate to make a profit on their investment, comprising labour and monetary suppliers.

<h3>Who or what owns a corporation?</h3>

A corporation's owners are its shareholders, usually referred to as stockholders, who acquire an interest in the company by acquiring shares of stock. A board of directors is chosen by shareholders, and they are in charge of running the business.

Learn more about stockholders: brainly.com/question/28017828

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In the context of the firm's supply curve, as the firm produces more of a good, the cost of producing each additional unit ▼

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Answer: As the firm produces more of a good, the cost of producing each additional unit increases this implies that the marginal cost of producing a good increases as it makes more of that good.

Explanation: Marginal cost of a producer refers to the addition in total cost when one more unit of a good is produced.

It is given by $MC=\frac{Change in TC} {Change in Output}$

Refers to the following situations,

MC increases when adding output increases TC or Total Cost

MC decreases when adding output decreases TC

MC remains constant when adding output does not change TC

The supply curve of the firm is an upward sloping curve, which shows that quantity increases as price increases.

So, in relation to this, it means that MC will also increase as quantity increases.

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