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Bakery Investment Decision

A small bakery owner has saved $10,000 for business improvements. They are considering three potential projects:

  1. Purchasing a new, larger oven for $8,000.
  2. Renovating the customer seating area for $7,000.
  3. Launching a new marketing campaign for $3,000.

Based on the financial constraint provided, explain which of these projects, or combinations of projects, are mutually exclusive and why.

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Updated 2025-08-25

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