For each pair of investment opportunities, indicate if they are more likely to be mutually exclusive or independent projects. Explain your choices.

a. Cruise line:

i. Build a cruise ship to carry 10,000 passengers

ii. Build two ships each carrying 5,000 passengers

b. Mining company in northern Alberta:

i. Use old open pit mine for waste disposal

ii. Use old open pit mine for fishing and hunting lodge

c. University:

i. Use classroom for tutorials

ii. Use classroom for faculty meetings

d. You:

i. Latte

ii. Cappuccino

e. You:

i. Salad

ii. Steak