Rick buys a 1966 Mustang for $3,000, planning to restore and sell the car. He goes on to spend $9,000 restoring the car. At this

Question

3 years ago

8

Rick buys a 1966 Mustang for $3,000, planning to restore and sell the car. He goes on to spend $9,000 restoring the car. At this

point he can sell the car for $10,000. As an alternative, he can spend an additional $3,000 replacing the engine. With a new engine the car would sell for $13,000. Rick should?

Mathematics

1 answer:

White raven [17] · Answer 1 · 2022-04-21T15:01:39+03:00

White raven [17]3 years ago

6 0

Answer

He would lose 2000 dollars either way so it doesn't really matter.

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