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1. In your own words, what exactly is an incremental analysis and what are some examples where an incremental analysis might be applied in either

1. In your own words, what exactly is an incremental analysis and what are some examples where an incremental analysis might be applied in either the business world or in your personal lives?

2. What are sunk costs? Are these costs relevant to an incremental analysis?

3. What are opportunity costs? Are these costs relevant to an incremental analysis?

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