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If you paid $25,000 for your car just a short while ago, but the best offer you can get for it now is $12,000, you should only sell the car if: a. its worth to you is less than $12,000 b. its worth to you is less than $25,000 c. you can get something close to what you paid for it d. you value it more than $12,000

If you paid $25,000 for your car just a short while ago, but the best offer you can get for it now is $12,000, you should only sell the car if: a. its worth to you is less than $12,000 b. its worth to you is less than $25,000 c. you can get something close to what you paid for it d. you value it more than $12,000

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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If you paid $25,000 for your car just a short while ago, but the best offer you can get for it now is $12,000, you should only sell the car if: a. its worth to you is less than $12,000 b. its worth to you is less than $25,000 c. you can get something close to what you paid for it d. you value it more than $12,000
Transcribed Image Text:If you paid $25,000 for your car just a short while ago, but the best offer you can get for it now is $12,000, you should only sell the car if: a. its worth to you is less than $12,000 b. its worth to you is less than $25,000 c. you can get something close to what you paid for it d. you value it more than $12,000
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