Kate has spent $300 purchasing and repairing an antique table, which she expects to sell for $450
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Question:
Kate has spent $300 purchasing and repairing an antique table, which she expects to sell for $450 once the repairs are complete. Kate discovers that, in addition to the $300 she has already spent, she needs to make an additional repait, which will cost another $200, in ordsr to make the table worth $450 to potiental buyers. She can sell the table as it is now for $200. What should she do? Explain using marginal analysis.
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