Principle of marginal benefit and marginal cost

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Mark is refinishing an antique china cabinet and has already spent $180 on therestoration. He expects to be able to sell the cabinet for $360. Mark discoversthat he needs to do an additional $200 of work to make the cabinet worth $360 topotential buyers. He could also sell the cabinet now, without completing theadditional work, for $100. What should he do?

Reference no: EM13119625

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