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Question : Suppose you responsible for overseeing the construction for your company.

Suppose you responsible for overseeing the construction for your company. Construction has gone on for 3 years and has cost $300 mln, and will need another 6 months and $50 mln. to complete. you then find out that a new a equally good production technology has just become available. Implementing this technology will take 5 months and $50 mln. If you build this new factory you cannot use any part of the factory you are currently building. What you should do? Explain in economic terms.

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