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Jane Buys a 1957 FJ Holden at Time T0 for $100

Question 18

Multiple Choice

Jane buys a 1957 FJ Holden at time T0 for $100 000. At time T1, the car is valued at $180 000. Jane's profit and wealth at T1 are:


A) $100 000 and $80 000 respectively.
B) $80 000 and $180 000 respectively.
C) $80 000 and $100 000 respectively.
D) $80 000 and $80 000 respectively.

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