Last Year, the City of Madtucky Spent $1 Million to Study

Last year, the city of Madtucky spent $1 million to study how a new resort and casino would bring new economic development and tourist dollars to town. The cost of new construction of the resort and casino is expected to be $7 million, and the project will bring $8 million in tourist dollars to the city. Suppose that halfway through the construction of the resort, paleontologists discover dinosaur bones at the site, and $500,000 of unexpected expense must be paid to remove the bones safely. Should the city continue building the resort and casino or abandon the project? Explain.