Paper rewrite. Instruction attached via Word doc & written essay is under Marginal_Lee. Please explain EACH case with the following:
1. Describe the best course of action with respect to the factors above.
2. Analyze the decision from an economic viewpoint, including:
a. What were the marginal benefits?
b. What were the marginal costs (not just dollar-costs, but include any opportunity costs)?
c. How did you compare the marginal costs with the marginal benefits?
Were there any sunk costs involved? Did you include them in your analysis?
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