You win a contest that offers one of two cars, being the first one a Toyonda with a market price of $15,000 and the second one a Hyundta with a market price of $17,000. You prefer the Toyonda car because its more comfortable and it has a better technology. If transaction costs are negligible, the most rational decision that maximizes value will guide you to

Question

Accepted Answer

choose the Hyundta over the Toyonda because you can sell it and buy the Toyonda.

Answer

be indifferent because you will get a car independent of your preferences.

Answer

choose the Hyundta and keep it because you will drive a more expensive car.

Answer

choose the Toyonda over the Hyundta because you prefer it and you can get it right away.

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You win a contest that offers one of two cars, being the first one a Toyonda w...

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