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) Tim has spent $2500 purchasing and repairing a Hummer, which he expects to sell for $3500. He discovers that he needs an additional repair,
) Tim has spent $2500 purchasing and repairing a Hummer, which he expects to sell for $3500. He discovers that he needs an additional repair, which will cost $1100. He can sell the Hummer as it is now for $900. What should he do?
a. He should take the $900.
b. He should never sell something for less than it cost.
c. He should complete the repairs and sell the Hummer.
d. It doesn't matter which action he takes; the outcome is the same either way
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