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Ivanhoe, Inc. produces a crop of chickens at a total cost of $56,700. The production generates 51,600 chickens which can be sold for $1

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Ivanhoe, Inc. produces a crop of chickens at a total cost of $56,700. The production generates 51,600 chickens which can be sold for $1 each to a slaughtering company, or the chickens can be slaughtered in house and then sold for $2.75 each. It costs $55,900 more to turn the annual chicken crop into chicken meat. (a) If Ivanhoe slaughters the chickens, determine how much incremental profit or loss it would report. $

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