Rick Buys a 1966 Mustang for $3,000,planning to Restore and Sell

question 57

Multiple Choice

Rick buys a 1966 Mustang for $3,000,planning to restore and sell the car.He goes on to spend $9,000 restoring the car.At this point he can sell the car for $10,000.As an alternative,he can spend an additional $3,000 replacing the engine.With a new engine the car would sell for $13,000.Rick should

• A)complete the repairs and sell the car for $13,000.
• B)sell the car now for $10,000.
• 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.

---

Definitions:

Deinstitutionalization

Transitioning from prolonged inpatient psychiatric care to community-based mental health support for individuals suffering from mental health conditions.

Severe Disturbances

Intense disruptions in thoughts, emotions, or behavior, often indicative of profound psychological or mental health issues.

Shuttling

The act of moving back and forth between two places frequently or to transfer objects or individuals in a similar manner.

Mental Illness

A wide selection of conditions affecting mental well-being, including changes in mood, thinking, and actions.