Business, 12.07.2019 17:30, ilovecatsomuchlolol
Stephen is restoring a car and has already spent $4,000 on the restoration. he expects to be able to sell the car for $5,800. stephen discovers that he needs to do an additional $2,400 of work to make the car worth $5,800 to potential buyers. he could also sell the car now, without completing the additional work, for $3,800. what should he do? a. he should keep the car since it wouldn't be rational to spend $6,400 restoring a car and then sell it for only $5,800.
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Stephen is restoring a car and has already spent $4,000 on the restoration. he expects to be able to...
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