Incremental profit is equal to incremental revenue less incremental costs resulting from a specific change in the activity of a firm.

Name: Incremental profit is equal to incremental revenue less incremental costs resulting from a specific change in the activity of a firm.
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Question

Quizplus · Accepted Answer

Incremental profit is calculated by subtracting the incremental costs from the incremental revenue resulting from a specific change in a firm's activity. Therefore, the statement is true.

Incremental Profit Is Equal to Incremental Revenue Less Incremental Costs