Stephen Is Restoring a Car and Has Already Spent $4,000

question 121

Multiple Choice

Stephen is restoring a car and has already spent $4,000 on the restoration.He expects to be able to sell the car for $5800.Stephen discovers that he needs to do an additional $2,400 of work to make the car worth $5,800 to potential buyers.He could also sell the car now,without completing the additional work,for $3,800.What should he do?

• A)He should sell the car now for $3,800.
• B)He should keep the car since it wouldn't be rational to spend $6,400 restoring a car and then sell it for only $5,800.
• C)He should complete the additional work and sell the car for $5,800.
• D)It does not matter which action he takes since the outcome will be the same either way.

Understand the application and limitations of social skills training in managing social anxiety disorder.

Comprehend the typical age of onset for obsessive-compulsive disorder (OCD) and its implications for diagnosis and treatment.

Know the types of pharmacological treatments effective for managing obsessive-compulsive disorder and their target neurotransmitter systems.

Understand the concept of marginal product and how it changes with additional labor inputs.

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Definitions:

Human Uniqueness

The distinct characteristics and traits that differentiate Homo sapiens from other species, including advanced cognitive abilities and social behaviors.

Grasping Tail

A prehensile tail found in some primates, used for gripping or holding objects, aiding in locomotion, and providing stability during arboreal activities.

Borneo and Sumatra

Two large islands in Southeast Asia, known for their biodiversity, including unique species and dense rainforests.

Arboreal

Pertaining to trees; living in or related to trees.