If you paid $25,000 for your car just a short while ago, but the best offer you can get for it now is $12,000, you should only sell the car if: a. its worth to you is less than $12,000 b. its worth to you is less than $25,000 c. you can get something close to what you paid for it d. you value it more than $12,000
If you paid $25,000 for your car just a short while ago, but the best offer you can get for it now is $12,000, you should only sell the car if: a. its worth to you is less than $12,000 b. its worth to you is less than $25,000 c. you can get something close to what you paid for it d. you value it more than $12,000
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![If you paid $25,000 for your car just a short while ago, but the best offer you can get for it now is $12,000, you should only sell the car if:
a. its worth to you is less than $12,000
b. its worth to you is less than $25,000
c. you can get something close to what you paid for it
d. you value it more than $12,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F540e3b67-417d-4e83-b4e5-3242f6112abf%2Fd6735592-8b23-4132-b2a4-2cdd3427c6d3%2Fyj6euqc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If you paid $25,000 for your car just a short while ago, but the best offer you can get for it now is $12,000, you should only sell the car if:
a. its worth to you is less than $12,000
b. its worth to you is less than $25,000
c. you can get something close to what you paid for it
d. you value it more than $12,000
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