[Solved] Stan Moneymaker presently owns a 10-year-old automobilewith lowmileage (78,000miles). TheNADA “blue book” value of the car is $2,500. Unfortunately, the car’s transmission just failed, and Stan decided to spend $1,500

in this post you eill get answer of Stan Moneymaker presently owns a 10-year-old automobilewith lowmileage (78,000miles). TheNADA “blue book” value of the car is $2,500. Unfortunately, the car’s transmission just failed, and Stan decided to spend $1,500 by insureinsurancelife


Stan Moneymaker presently owns a 10-year-old automobilewith lowmileage (78,000miles). TheNADA “blue book” value of the car is $2,500. Unfortunately, the car’s transmission just failed, and Stan decided to spend $1,500 to have it repaired. Now, six months later, Stan has decided to sell the car, and he reasons that his asking price should be $2,500 + $1,500 = $4,000. Comment on the wisdom of Stan’s logic. If he receives an offer for $3,000, should he accept it Explain your reasoning.


Thank you for coming, Let us know what else we should do to make our content interesting and don’t forget to check the comment section because sometimes our users drop some interesting questions or riddles below and you can enjoy solving them. In the end it benefits the whole community.

Leave a Comment