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Holmes Company has already spent $66,000 to harvest peanuts. Those peanuts can be sold as Is for $97,500. Alternatively, Holmes can process further Into peanut

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Holmes Company has already spent $66,000 to harvest peanuts. Those peanuts can be sold as Is for $97,500. Alternatively, Holmes can process further Into peanut butter at an additional cost of $427,500. If Holmes processes further, the peanut butter can be sold for $577,500. (a) Prepare a sell as is or process further analysis of Income effects. (b) Should Holmes sell as is or process further

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