Stan buys a 1966 Mustang for $2,000,planning to restore and sell the car.He goes on to spend $8,000 restoring the car.At this point he can sell the car for $9,000.As an alternative,he can spend an additional $3,000 replacing the engine.With a new engine the car would sell for $12,000.Stan should
A) complete the repairs and sell the car for $12,000.
B) sell the car now for $9,000.
C) never try such an expensive project again.
D) be indifferent between (i)selling the car now and (ii)replacing the engine and then selling it.

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The Answer of Stan buys a 1966 Mustang for $2,000,planning to restore and sell the car.He goes on to spend $8,000 restoring the car.At this point he can sell the car for $9,000.As an alternative,he can spend an additional $3,000 replacing the engine.With a new engine the car would sell for $12,000.Stan should
A) complete the repairs and sell the car for $12,000.
B) sell the car now for $9,000.
C) never try such an expensive project again.
D) be indifferent between (i)selling the car now and (ii)replacing the engine and then selling it.

Stan Buys a 1966 Mustang for $2,000,planning to Restore and Sell