Final answer:
The incremental income from processing the oranges into orange juice can be calculated by subtracting the cost of processing from the revenue generated. The revenue from selling the oranges is the number of oranges multiplied by the price per orange. The cost of processing is the number of oranges multiplied by the cost per orange juice.
Step-by-step explanation:
The incremental income from processing the oranges into orange juice can be calculated by subtracting the cost of processing from the revenue generated. The revenue from selling the oranges is the number of oranges multiplied by the price per orange. In this case, the revenue is 1000 oranges multiplied by $30.32, which equals $30,320. The cost of processing is the number of oranges multiplied by the cost per orange juice, which is $12.57. In this case, the cost of processing is 1000 oranges multiplied by $12.57, which equals $12,570.
Therefore, the incremental income is $30,320 - $12,570 = $17,750. So, none of the given options, A) $1,030, B) $506, C) $1,605, D) $3,505, E) $33,825, are correct.