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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Based on financial and opportunity costs, which of the following do you believe would be the wiser purchase?
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Vehicle 1:A three-year-old car with 45,000 miles, costing $6,700 and requiring $385 of immediate repairs.
Vehicle 2:A five-year-old car with 62,000 miles, costing $4,500 and requiring $760 of immediate repairs.
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Students can make a case for either vehicle since #1 has lower mileage, is newer, and requires fewer repairs. However, some people may find #2 more appealing due to the lower initial costs.
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