Suppose that we are analyzing the scenario where Joann pays the car off and has no car loan, and we need to ascertain the MB and MC associated with the no car loan scenario. The following information is provided:

MB(No Car Loan)= (What Joann is willing to pay up to for the car) =?

MC(No Car Loan)= (Cost of the car) = ?

Questions:What is theMB(No Car Loan)andMC(No Car Loan)?

Group of answer choices

MB(No Car Loan) = $20,800; MC(No Car Loan) = $20,800

None of the available answers

MB(No Car Loan) = $20,800; MC(No Car Loan) = $22,000

MB(No Car Loan) = $22,000; MC(No Car Loan) = $20,000

MB(No Car Loan) = $20,000; MC(No Car Loan) = $20,000