Lisa buys a 1982 BMW,which she plans to restore and sell.She anticipates that the cost of the car and the repairs will be $11,000 and that she can sell it for $20,000.After she has spent $11,000,she discovers she needs to replace the engine,which will cost $5000.She can sell the car without the new engine for $14,000.What should Lisa do

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Quizplus · Accepted Answer

By spending an additional $5000, Lisa can sell the car for $20,000, resulting in a total cost of $16,000 and a profit of $4,000. Selling it now for $14,000 would result in a loss of $3,000. Therefore, completing the repairs is the better financial decision.

Lisa Buys a 1982 BMW,which She Plans to Restore and Sell.She