Econ1p91 - Study guides, Class notes & Summaries

1. Stan buys a 1966 Mustang, which he plans to restore and sell. He anticipates that the cost of the car and the repairs will be $15,000 and that he can sell it for $19,000. When he has spent $15,000, he discovers he needs to replace the engine, which will cost $4000. He can sell the car without the new engine for $9000. What should Stan do? a. He should complete the repairs and sell the car for $19,000. b. He should sell the car now for $9000. c. He should never try such an expensive proj...

BROCK UNIVERSITY Econ 1P91, Fall 2024 Department of Economics Assignment 1-Section 1 Due: At the beginning of your weekly tutorial the week of Sept. 23, 2024 Instructions: Submit typed or neatly handwritten answers to the following questions on Brightspace using the Assignments tool by the beginning of your weekly tutorial. No late assignments or emailed assignments will be accepted. Please put your name and student number on your assignment. Total marks:50 1. In which situation would econ...