You find that the car requires repairs of 1200 dollars in, Ask an Expert

Economics

two days ago you bought a used car from a former roommate for 3,000 dollars. The sale is final. Today it broke down. You find that the car requires repairs of 1,200 dollars in order to get it to run. Once it is repaired, it will definitely not break down again. Assuming that the car is worth 3,500 dollars after repairs, should you get it fixed?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9280840

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