Will the price you paid for the car be one of those factors

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Reference no: EM131020715

After owning a used car for two years, you start having problems with it. You take it to the shop, and a mechanic tells you that repairs will cost $4,000. What factors will you take into account in deciding whether to have the repairs done or to junk the car and buy another one? Will the price you paid for the car be one of those factors? Briefly explain.

Reference no: EM131020715

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