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Suppose Chris is a potter who makes mugs. His total costs depend on the number of mugs he makes each day, as shown in the accompanying table.
The marginal cost if the 4ᵗʰ mug per day is ________.
Articles Of Incorporation
Legal documents filed with a governmental body to legally document the creation of a corporation.
S Corporation
A close business corporation that has most of the attributes of a corporation, including limited liability, but qualifies under the Internal Revenue Code to be taxed as a partnership.
Taxes
Mandatory financial charges or levies imposed by a government on individuals, corporations, or other legal entities to fund public expenditures.
Close Corporation
A private company characterized by a limited number of shareholders, and typically, more informal management and operations.
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