If It Costs Sinclair $300 to Produce 3 Suede Jackets

question 69

True/False

If it costs Sinclair $300 to produce 3 suede jackets and $420 to produce 4 suede jackets, then the difference of $120 is the marginal cost of producing the 4th suede jacket.

---

Definitions:

Outsourcing

A business strategy where specific tasks, operations, jobs, or processes are contracted out to external parties rather than performed in-house.

Temporary Employee

A worker hired for a predetermined, limited period of time, often to fill in for absent employees or to complete specific projects.

Organizational Psychologist

A professional who applies psychological theories and practices to improve the workplace, including employee well-being and organizational performance.

Personnel Psychologist

A professional who applies psychological principles and techniques to workplace issues, including talent management, employee evaluation, and training.