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Savion is restoring a car and has already spent $4,000 on the restoration. Savion expects to be able to sell the car for $5,800 but needs to do an additional $2,400 of work to make the car worth $5,800 to potential buyers. Savion could also sell the car now, without completing the additional work, for $3,800. What should Savion do?
a. Sell the car now for $3,800.
b. Complete the additional work and sell the car for $5,800.
c. Keep the car since it wouldn't be rational to spend $6,400 restoring a car and then sell it for only $5,800.
d. It does not matter which action Savion takes since the outcome will be the same either way.
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