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Stephen is restoring a car and has already spent $ 4 , 0 0 0 on the restoration. He expects to be able to sell
Stephen is restoring a car and has already spent $ on the restoration. He expects to be able to sell the car for $ Stephen discovers that he needs to do an additional $ of work to make the car worth $ to potential buyers. He could also sell the car now, without completing the additional work, for $ What should he do
He should sell the far now for $
He should keep the car since it wouldn't be rational to spend $ restoring a car and then sell it for only $
He should complete the additional work and sell the car for $
It does not matter which action he takes since the outcome will be the same either way.
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