Susan is trying to decide whether or not to attend college during the next 12-week session. She has the following options:
1. Attend college full-time at a cost of $1,200.
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Question & Answer: Susan is trying to decide whether or not to attend college during the next 12-week session. She has th…..
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2. Attend college part-time at a cost of $600 and work part-time earning $1,600.
3. Work full-time earning $4,900.
What is Susan’s incremental profit if she chooses option 3 over option 2?
Net profit for option 2 would be=(earnings-Costs)
Hence incremental profit of choosing option 3 over option 2=($4900-$1000)