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    Incremental Profit or Loss

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    Elroy Rocket is entering his senior year as an accounting major and has a number of options for his summer break. His options for the 3 month break follow:

    (1) Work full time at a local accounting firm making $2,900 per month.
    (2) Take a summer class which will cost $800 and work half time making $1,100 per month.
    (3) Take a class at a cost of $800 and not work at all during the summer.

    Elroy's incremental profit or loss if he chooses option 2 over option 1 would be

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    Solution Preview

    Incremental revenue is the increase is of revenue between new revenue and previous revenue.

    Incremental revenue = New Revenue - ...