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Business, 12.03.2021 15:20 hebagaroudi54111

3. Mike has spent $500 purchasing and repairing an old fishing boat, which he expects to sell for $800 once the repairs are complete. Mike discovers that, in addition to the $500 he has already spent, he needs to make one more repair, which will cost another $400, in order to make the boat worth $800 to potential buyers. He can sell the boat as it is now for $300. What should he do

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3. Mike has spent $500 purchasing and repairing an old fishing boat, which he expects to sell for $8...

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