Macroeconomics DeShawn has spent $600 purchasing and repairing an old fishing boat, which he expects to sell for $900 once the repairs are complete. DeShawn discovers that, in addition to the $600 he has already spent, he needs to make an additional repair, which will cost another $400, in order to make the boat worth $900 to potential buyers. He can sell the boat as it is now for $400. What should he do?

Question

10-10-2019
Business

contestada

Macroeconomics DeShawn has spent $600 purchasing and repairing an old fishing boat, which he expects to sell for $900 once the repairs are complete. DeShawn discovers that, in addition to the $600 he has already spent, he needs to make an additional repair, which will cost another $400, in order to make the boat worth $900 to potential buyers. He can sell the boat as it is now for $400. What should he do?

Respuesta :

Otras preguntas

A commuter must pass through five traffic lights on her way to work, and will have to stop at each one that is red. She estimates the probability model for the

Someone whose main function in a group discussion is to contribute and debate ideas is called a _____.

A Climbing Gym charges $10 to climb each day. A pair of Climbing shoes cost $84. It cost $169 to buy 6 days of climbing, one pair of climbing shoes, and one har

The variety of life across the biosphere is called

Enzymes affect the reactions in living cells by changing the Select one: a. products of the reaction. b. speed of the reaction. c. temperature of the reaction.

How many moles of oxygen atoms in one mole of CO2

1. Which statement is true regarding the "relationship merry-go-round"? A. In some cultures, romantic love was considered a form of madness. B. Most people chos

Human Immunodeficiency Virus is believed to have originated from _____. Asia Haiti Africa South America

Which items describe people's interactions with their environment? Technology does not affect the earth's environment. People adapt to their environment. People

The school band will sell whole pizzas to raise money for new uniforms. The supplier charges $100 plus $4 for each whole pizza. The band members sell whole pizz

jepessoa jepessoa · Answer 1 · 2019-10-12T20:55:17+02:00

Answer:

The answer is: If he pays the extra $400 needed to complete the repairs, DeShawn will reduce his losses to $100 ($900 - $1,000). It is better than losing $200.

Explanation:

If DeShawn sells the boat now for $400 he will have lost $200. But if he decides to complete the repairs on the boat, investing the extra $400, and sells the boat for $900, he will have only lost $100.

If he pays the extra $400 needed to complete the repairs, DeShawn will reduce his losses to $100 ($900 - $1,000). It is better than losing $200.