If a Company's Total Costs Per Day Increase from $200

question 53

True/False

If a company's total costs per day increase from $200 to $400 by adding another worker, but its additional benefits are $300, it is sensible to add that additional worker.

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Definitions:

Freight

The charge paid for the transportation of goods, typically by sea, air, or land.

Title Passes

A legal term referring to the point at which the ownership of property, or title, is transferred from seller to buyer under the terms of a contract.

Merchandise Resale

The process of selling previously purchased goods to consumers, typically involving goods acquired from wholesalers or manufacturers.

Accounts Payable

Obligations or amounts owed by a company to suppliers for goods or services received, typically due within a short time period.